- what is the simple annual return of the car?

- what is the effective annual return (EAR) onthe car?

please help

Holding period and annual (investment) returns. Bohenick Classic Automobiles restores and rebuilds old classic cars. The company purchased and restored a classic 1957 Thunderbird convertible 5 years ago for $9,000.00. Today at auction, the car sold for $63,000.00. What are the holding period return and the annual return on this investment? What is the holding period return of the car? % (Round to two decimal places.)