document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=126468>Question 126468</A>: <I><SPAN STYLE=\"word-break: break-all;\"> A piece of sculpture is purchased for $3000 in 1960. In 2008,the sculpture is valued at $186000. What is the average annual rate of appreciation of the sculpture? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #92661 by </B><A HREF=/tutors/aboutme.mpl?userid=checkley71><B>checkley71(8403)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=checkley71><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=92661\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> 186,000=3000(1+r)^48<BR>\n" );
document.write( "186,000=3000(1+.089787)^48<BR>\n" );
document.write( "186,000=3000(62)<BR>\n" );
document.write( "186,000=186,000<BR>\n" );
document.write( "Answer is 8.9787%. </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );