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Please help solve the below... Lance Murdock purchased a wooden statue of a Conquistador for $8,000 to put in his home office 9 years ago.

Please help solve the below...

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Lance Murdock purchased a wooden statue of a Conquistador for $8,000 to put in his home office 9 years ago. Lance has recently married, and his home office is being converted into a sewing room. His new wife, who has far better taste than Lance, thinks the conquistador is hideous and must go immediately. Lance decided to sell it on e-Bay and only received $4, 500 for it, and so he took a loss on the investment. What was his rate of return, that is, the value of i? What was Lance Murdock's rate of return, that is, the value of i? Enter a negative percentage for a loss. %(Round to two decimal places.)

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