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Chapter 5: Time Value of Money Prsent Value & Discounting: The Brasher doubloon, which was featured in the plot of the Raymond Chandler novel, The

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Chapter 5: Time Value of Money Prsent Value \& Discounting: "The "Brasher doubloon," which was featured in the plot of the Raymond Chandler novel, The High Window, was sold at auction in 2014 for $4,582,500. The coin had a face value of $15 when it was first issued in 1787. At what Annual Rate did the coin appreciate from the minting to the 2014 sale

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