Although appealing to more refined tastes, art as a collectible has not always performed so profitably. assume that in 2015, an auction house sold a statute at auction for a price of $10,426,500. unfortunately for the previous owner, he had purchased it in 2010 at a price of $12,662,500. what was his annual rate of return on this sculpture? (a negative answer should be indicated by a minus sign. do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e. g., 32.16.) rate of return %

- 0.03811 or 3.81%

Explanation:

Given that,

Selling price of statute(ending value) = $10,426,500

Purchasing Cost of statute (beginning value) = $12,662,500

n = 5 years

                                                               = 0.9618 - 1

                                                               = - 0.03811 or - 3.81%

the answer is true.  i do believe this is the answer because of the amount of wrecks people get into each year.  if you double this with avoiding those so said wrecks, that would make you a "skilled" driver.