Compute the annual increase in the value of the comic book

Reference no: EM131936440

Question: Assume that in 2015, the first edition of a comic book was sold at auction for $857,000. The comic book was originally sold in 1942 for $.06.

For this to have been true, what was the annual increase in the value of the comic book? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

Reference no: EM131936440

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