A coin sold at auction in 2019 for $1,965,500. The coin had a face value of $5 when it
was issued in 1794 and had been previously sold for $305,000 in 1971.
b.
At what annual rate did the coin appreciate from its first minting to the 1971 sale?
(Do not round intermediate calculations and enter your answer as a percent
rounded to 2 decimal places, e.g., 32.16.)
What annual rate did the 1971 buyer earn on his purchase? (Do not round
intermediate calculations and enter your answer as a percent rounded to 2
decimal places, e.g., 32.16.)
At what annual rate did the coin appreciate from its first minting to the 2019 sale?
(Do not round intermediate calculations and enter your answer as a percent
rounded to 2 decimal places, e.g., 32.16.)
Answer is complete but not entirely correct.