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Assume that in 2020, a Liberty Seated half dollar issued in 1892 was sold for $203,000. What was the rate of return on this investment?
Assume that in 2020, a Liberty Seated half dollar issued in 1892 was sold for $203,000. What was the rate of return on this investment?
my answer is 10.62 but i need help on the explanation as to why the PV is 0.50?
PV = 0.50 (Why is this 0.50?)
FV =203000
N= 1892-2020= 128
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