Lance Murdock

Lance Murdock purchased a wooden statue of a Conquistador for $7,400 to put in his home office 6 years ago. Lance has recently​ ;married, and his home office is being converted into a sewing room. His new​ ;wife, who has far better taste than​ ;Lance, thinks the Conquistador is hideous and must go immediately. Lance decided to sell it on​ ;e-Bay and only received ​4,500 for​ ;it, and so he took a loss on the investment. What was his rate of​ ;return, that​ ;is, the value of i​?

What was Lance​ ;Murdock’s rate of​ ;return, that​ ;is, the value of i​? Enter a negative percentage for a loss.

​__% ​ ;(Round to two decimal​ ;places.)