These are three different problems

connect. FINANCE Question 1 (of 6) value: 10.00 points Problem 5-14 Calculating Rates of Return [LO3 Although appealing to more refined tastes, art as a collectible has not always performed so profitably. During 2003, an auction house sold a sculpture at auction for a price of $10,221,500. Unfortunately for the previous owner, he had purchased it in 1998 at a price of $12,197,500. What was his annual rate of return on this sculpture? (Negative amount should be indicated by a minus sign. Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Annual rate of return Hints ReferenceseBook & Resources Hint#1 Hint#2