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Although appealing to more refined tastes, art as a collectible has not always performed so profitably. During 2003, an auction house sold a sculpture at

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Although appealing to more refined tastes, art as a collectible has not always performed so profitably. During 2003, an auction house sold a sculpture at auction for a price of $10,341,500. Unfortunately for the previous owner. he had purchased it in 1999 at a price of $12,437.500 What was his annual rate of return on this sculpture? (A negative answer should be indicated by a minus sign. Do not round intermeciate calculations and enter your answer as a percent rounded to 2 decimal places, e.g. 3216.) For each of the following. compute the future value: (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)

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