Question
Paste , Clipboard A1 Calibri BIU Font A Alignment Number Conditional Format as Formatting Table Styles Cell Cells Editing Styles X fx A B
Paste , Clipboard A1 Calibri BIU Font A Alignment Number Conditional Format as Formatting Table Styles Cell Cells Editing Styles X fx A B C E F G H I J K 1 2 4 5 6 7 8 9 10 11 12 13 14 15 16 17 Although appealing to more refined tastes, art as a collectible has not always performed so profitably. During 2003, Sotheby's sold the Edgar Degas bronze sculpture Petite Danseuse de Quatorze Ans at auction for a price of $10,311,500. Unfortunately for the previous owner, he had purchased it in 1999 at a price of $12,377,500. What was his annual rate of return on this sculpture? Beginning year Ending year 1999 2003 Present value $ 12,377,500 Future value $ 10,311,500 Complete the following analysis. Do not hard code values in your calculations. Annual interest rate
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