(Related to Checkpoint 5.6) (Solving for i) Lance Murdock purchased a wooden statue of a Conquistador for $7,000 to put in his home office years ago. Lance las recently red and his home offices being converted into a sewing room is new wife, who has far better taste than Lance, thinks the Conquistador is hideous and must go immediately. Lance decided to see it on e-Bay and only received 55.400 for it, and so he took a loss on the investment What was his rate of retum, that is the value of What was Lance Murdock's rate of return, that is, the value of n Enter a negative percentage for a loss % (Round to two decimal places) Enter your answer in the answer box and then click Check Answer Clear All All parts showing