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15-03-2024
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Calculating Present Values (LO2) The first comic book featuring Superman was sold in 1938. In 2014, this comic book was sold for $3.2 million on eBay. This represented a return of 25.53% per year. For this to be true, what must the comic book have sold for when new?
A. $10,000
B. $20,000
C. $50,000
D. $100,000

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