Ask Question
26 June, 23:00

Assume that in 2015, the first edition of a comic book was sold at auction for $1,905,000. the comic book was originally sold in 1941 for $.07. for this to have been true, what was the annual increase in the value of the comic book? (do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places,

e. g., 32.16.) annual increase %

+2
Answers (1)
  1. 26 June, 23:09
    0
    Time = 2,015-1,941=74 years

    Annual increase = (1,905,000:0.7) ^ (1:74) - 1=0.2217*100=22.17%
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Assume that in 2015, the first edition of a comic book was sold at auction for $1,905,000. the comic book was originally sold in 1941 for ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers