An investment of $100 is worth $240 7 years later. The arithmetic average return is...
70.2K
Verified Solution
Link Copied!
Question
Finance
An investment of $100 is worth $240 7 years later.
The arithmetic average return is 20%.
What is the geometric average return?
See slide 43 L3 discussed in class.
Express your answer as a percent to one decimal (XX.X) %
Incorrect Question 4 0 / 0.38 pts An investment of $100 is worth $240 7 years later. The arithmetic average return is 20%. What is the geometric average return? See slide 43 L3 discussed in class. Express your answer as a percent to one decimal (XX.X) % 13.32
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
