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Interest rate. In 1972, Bob purchased a new Datsun 240Z for $3,200. Datsun later changed its name to Nissan, and the 1972 Datsun 240Z became

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Interest rate. In 1972, Bob purchased a new Datsun 240Z for $3,200. Datsun later changed its name to Nissan, and the 1972 Datsun 240Z became a classic. Bob kept his car or in excellent condition and in 2002 could sell the car for five times what he originally paid. What was Bob's annualized rate of return for the 30 years he owned this car? If he keeps ats the car for another thirty years and earns the same rate, what could he sell the car for 2032? pts What was Bob's annualized rate of return for the 30 years he owned this car? % (Round to two decimal places.)

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