Although appealing to more refined tastes, art as a collectible has not always performed so profitably. In $2010,$ an auction house sold a painting at auction for a price of $$1,060,000.$ Unfortunately for the previous owner, he had purchased it three years earlier at a price of

Note: A negative answer should be indicated by a minus sign. Do not round intermediate calculations and enter your answer as a $$1,640,000.$ What was his annual rate of return on this painting? percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$

Answer is complete and correct.

$\backslash$table$[[$Annual rate of return,$-13\mathrm{.}54,\%$

irst National Bank charges $14\mathrm{.}5$ percent compounded monthly on its business loans. First United Bank charges $14\mathrm{.}8$ percent :ompounded semiannually. Calculate the EAR for First National Bank and First United Bank.

Note: Do not round intermediate calculations and enter your answers as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$

$\backslash$table$[[$First National,$!\%],[$First United,$\%]]$