Collectibles. The effective rate of interest r earned by an investment is given by the
Chapter 9, Problem 9.1.131(choose chapter or problem)
Collectibles. The effective rate of interest r earned by an investment is given by the formula r 3 P n AP 1g, where P is the initial investment that grows to value after years. Determine the effective rate of interest earned by a collector on a Lladr porcelain figurine purchased for $800 and sold for $950 five years later.
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