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You purchase a painting for 80000 in 1947 and sold it for

You purchase a painting for $80,000 in 1947, and sold it for $53.9 million in 1988. If you invested the $80,000 in another investment type (such as stock), how much annual interest would you need to have earned in order to accumulate the same wealth as the painting investment

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Macroeconomics: You purchase a painting for 80000 in 1947 and sold it for

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Solution Preview :

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Macroeconomics: You purchase a painting for 80000 in 1947 and sold it for

Reference No:- TGS0664453

Have a Question? (oR Write a Review)

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Solution Preview :

Prepared by a verified Expert

Macroeconomics: You purchase a painting for 80000 in 1947 and sold it for

Reference No:- TGS0664453

Recent Questions Asked Macroeconomics

Q : As an economist you have been asked to address a meeting of

Q : A girl is using a rope to pull a box that weighs 300 n

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Q : You purchase a painting for 80000 in 1947 and sold it for

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Q : An electron starts from rest 431cm from a fixed point

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