annualized rate of return
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Interest rate. In 1972, Bob purchased a new Datsun 240Z for $2,500.Datsun later changed its name to Nissan, and the 1972 Datsun 240Z became a classic. Bob kept his car in excellent condition and in 2002 could sell the car for seventimes what he originally paid. What was Bob's annualized
What was Bob's annualized rate of return for the 30 years he owned this car?
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