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Naldo is considering selling a painting he inherited from his grandparents and which cost $200 when purchased 72 years ago. He accepted an offer for

Naldo is considering selling a painting he inherited from his grandparents and which cost $200 when purchased 72 years ago. He accepted an offer for $120,000 for it recently. What is the approximate annualized rate of return on this painting?

Select one: a. 11.7% b. 10.2% c. 1.12% d. 2.75%

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