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Joe sold a card at auction for $300,000. Assume the sellers grandma paid her friend 1 penny for the card 110 years ago. Allowing for

Joe sold a card at auction for $300,000. Assume the sellers grandma paid her friend 1 penny for the card 110 years ago. Allowing for compounding, what is the average annual rate of return on the investment?

Answers: 117.5%, 17.5%, 16.9% ,1.7% ,7.5%

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