Illustrate what annual rate of interest would you have earn

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Q. (Solving for i in compound interest-financial calculator needed) In September 1963, the first issue of the comic book X-MEN was issued. The original price for the issue was 12 cents. By September 2000, 38 years later, the value of this comic book had risen to $6,500. Illustrate what annual rate of interest would you have earned if you had bought the comic in 1963 also sold it in 2000?

Reference no: EM1396262

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