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0/10 pts Question 9 An art collector purchased a painting 28 years ago for $578,000. Today this painting is estimated to be worth $16.44 million.

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0/10 pts Question 9 An art collector purchased a painting 28 years ago for $578,000. Today this painting is estimated to be worth $16.44 million. Based on this estimate, what is the annual compound rate of appreciation for the painting since the art collector's initial purchase? 14.09 11.0% 11.0%. You selected this answer. or 12.796 245

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