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Annualized return for this investment

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The Mercury Cougar XR7 was Motor Trend's 1967 car of the year. The base price for the car was $3,081 in 1967. If someone bought this car in 1967, kept it in mint condition, and sold it for $64,000 in 2022 what would be the annualized return for this investment?

Reference no: EM133272833

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