Chapter 5 Homework i Saved 12 A coin sold at auction in 2017 for $2,860,000. The coin had a face value of $5 when it was issued in 1787 and had previously been sold for $405,000 in 1972. points a. At what annual rate did the coin appreciate from its first minting to the 1972 sale? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b. What annual rate did the 1972 buyer earn on his purchase? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) At what annual rate did the coin appreciate from its first minting to the 2017 sale? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Skipped Print Rate of return from 1787 to 1972 b. Rate of return from 1972 to 2017 c. Rate of return from 1787 to 2017 References