Interest rate.
In? 1972, Bob purchased a new Datsun 240Z for ?$2,600.Datsun later changed its name to? Nissan, and the 1972 Datsun 240Z became a classic. Bob kept his car in excellent condition and in 2002 could sell the car for seven times what he originally paid.
What was? Bob's annualized rate of return for the 30 years he owned this? car?
If he keeps the car for another thirty years and earns the same? rate, what could he sell the car for in? 2032?