Although appealing to more refined tastes, art as a collectible has not always performed so profitably. Assume that in 2015, an auction house sold a statute at auction for a price of $10,500,500. Unfortunately for the previous owner, he had purchased it in 2008 at a price of $12,548,500. What was his annual rate of return on this sculpture? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Rate of return % Your sister just deposited $11,000 into an Investment account. She believes that she will earn an annual return of 9.9 percent for the next 6 years. You believe that you will only be able to earn an annual return of 9 percent over the same period. How much more must you deposit today in order to have the same amount as your sister in 6 years? Multiple Choice $593.42 $556,33 $39785 $519.24