Country alpha and country beta initially have the same real gdp per capita. country alpha experiences no economic growth, while country beta grows at a sustained rate of 5 percent. in 14 years, country alpha's gdp will be approximately that of country beta.

Although appealing to more refined tastes, art as a collectible has not always performed so profitably. during 2003, an auction house sold a sculpture at auction for a price of $10,211,500. unfortunately for the previous owner, he had purchased it in 2000 at a price of $12,177,500. 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