In March 1963, Ironman was first introduced in issue number 39 of Tales of Suspense. The original price for that issue was 18 cents. By March of 2015, 52 years later, the value of this comic book had risen to $19,534. What annual rate of interest would you have earned if you had bought the comic in 1963 and sold it in 2015 (52 years later)? The annual rate of interest you would have earned if you had bought the comic in 1963 and then sold it in 2015 (52 years later) is ☐ %. (Round to three decimal places.)
In March 1963, Ironman was first introduced in issue number 39 of Tales of Suspense. The original price for that issue was 18 cents. By March of 2015, 52 years later, the value of this comic book had risen to $19,534. What annual rate of interest would you have earned if you had bought the comic in 1963 and sold it in 2015 (52 years later)? The annual rate of interest you would have earned if you had bought the comic in 1963 and then sold it in 2015 (52 years later) is ☐ %. (Round to three decimal places.)
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 36P
Question
In March 1963, Ironman was first introduced in issue number 39 of Tales of Suspense. The original price for that issue was 18 cents. By March of 2015, 52 years later, the value of this comic book had risen to $19,534. What annual rate of interest would you have earned if you had bought the comic in 1963 and sold it in 2015 (52 years later)?
The annual rate of interest you would have earned if you had bought the comic in 1963 and then sold it in 2015 (52 years later) is ? (Round to three decimal places.)
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