Work in excel, In 2020, a Detective Comics No. 27, featuring the first appearance of Batman, was sold at auction for $1.5 million. The comic book was originally sold in 1939 for $.10. What was the annual increase in the value of this comic book?
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Work in excel, In 2020, a Detective Comics No. 27, featuring the first appearance of Batman, was sold at auction for $1.5 million. The comic book was originally sold in 1939 for $.10. What was the annual increase in the value of this comic book?
The value of an investment or an asset or a financial security usually increases with passage of time.
This happens due to the impact of compounding.
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- Assume that in 2018, the first edition of a comic book was sold at auction for $632,600. The comic book was originally sold in 1935 for $.10. For this to have been true, what was the annual increase in the value of the comic book? Annual increase: ____%Assume that in 2020 the first edition of a comic book was sold at auction for $797,800. The comic book was originally sold in 1939 for $.10. What was the annual increase in the value of the comic book?Assume that in 2018, the first edition of a comic book was sold at auction for $585,400. The comic book was originally sold in 1935 for $.05. 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.) Annual increase %
- Assume that in 2020, the first edition of a comic book was sold at auction for $691,600. The comic book was originally sold in 1936 for $.10. What was the annual increase in the value of the comic book? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16. Annual increase = %In 2011, an Action Comics No. 1, featuring the first appearance of Superman, was sold at auction for $2,161,000. The comic book was originally sold in 1938 for $.10 Required: What was the annual increase in the value of this comic book? (Round your answer as directed, but do not use rounded numbers in intermediate calculations. Enter your answer as a percent rounded to 2 decimal places (e.g., 32.16).) Annual increase %An art collector purchased a painting 30yrs ago for $587,000. Today this painting is estimated to be $11.74 million. Based on this estimate, what is the annual compound rate of appreciation for the painting since the art collector's initial purchase?
- You bought an artwork 28 years ago, the current estimated price is $17,601, which reflects an annual return of 8 percent. For this to be true, what was the original price of the artwork? Answer: $_ (Do not round intermediate calculations and round your answer to 2 decimal places)A printing company purchases new equipment for $840,000 in the year 2020. The value depreciates over time, decreasing by $4,000 annually. Calculate the value in 2038.In 2012, an Action Comics No. 1, featuring the first appearance of Superman, was sold at auction for $1,190,000. The comic book was originally sold in 1940 for $.08. Required:For this to have been true, what was the annual increase in the value of the comic book? (Round your answer as directed, but do not use rounded numbers in intermediate calculations. Enter your answer as a percent rounded to 2 decimal places (e.g., 32.16).)
- A particular famous painting was purchased for $720,000 in the year 2021. The value has been increasing at the continuous rate of 10% per year. Write an equation for y, the value at time t, that represents the situation where t = 0 represents the year 2021. y = Incorrect dollars Find the value of the famous painting in the year 2028.In 1982, a set of rare baseball cards was sold for $7,125. In 2000, the set was sold for $350,000 to another collector. In 2021 the set was sold for $4.2 million. Assuming annual compounding, what rate did this investment return from 1982 to 2000, from 2000 to 2021, and from 1982 to 2021, respectively?On December 31, 2023, Pharoah Corporation sold for $112000 an old machine having an original cost of $201600 and a book value of $89600. The terms of the sale were as follows: $22400 down payment. $44800 payable on December 31 each of the next two years. Click here to view the factor table PRESENT VALUE OF 1. Click here to view the factor table PRESENT VALUE OF AN ANNUITY OF 1. The agreement of sale made no mention of interest; however, 9% would be a fair rate for this type of transaction. What should be the amount of the notes receivable net of the unamortized discount on December 31, 2023, rounded to the nearest dollar? O $157616 $89600 $78808 $101208