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*All answers must be entered as a FORMULA PLEASE* For example: if they asked what is the first number under Beginning year , I would
*All answers must be entered as a FORMULA PLEASE*
For example: if they asked what is the first number under Beginning year, I would put =D9
B D E F G H I J 1 2 3 Although appealing to more refined tastes, art as a collectible has not always performed so profitably. During 2003, Sotheby's sold the Edgar Degas bronze sculpture Petite Danseuse de Quatorze Ans at auction for a price of $10,311,500. Unfortunately for the previous owner, he had purchased it in 1999 at a price of $12,377,500. What was his annual rate of return on this sculpture? 4 5 6 7 8 Beginning year Ending year Present value Future value 1999 2003 $ 12,377,500 $ 10,311,500 9 10 11 12 Complete the following analysis. Do not hard code values in your calculations. 13 14 Annual interest rate 15 16
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