Question
An automobile that cost $665 in 1934 was sold as an antique car for $14,800 in 1998. What was the rate of return of
An automobile that cost $665 in 1934 was sold as an antique car for $14,800 in 1998. What was the rate of return of this "investment"? The rate of return of this "investment" is approximately percent per year.
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Contemporary Engineering Economics
Authors: Chan S. Park
5th edition
136118488, 978-8120342095, 8120342097, 978-0136118480
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