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What annual rate of return did aunt mary earn on painting

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Reference no: EM132528018

Question 1: Your Aunt Mary recently found a painting in her closet that she purchased 20 years ago for $500. She found out that the painting is now worth $50,000. What annual rate of return did Aunt Mary earn on this painting?

Option A. 100.0%

Option B. 25.9%

Option C. 5.0%

Option D. 50.0%

Reference no: EM132528018

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