If the average quarterly return for a portfolio is 1.78%, what is the annualized return?

Question:

If the average quarterly return for a is 1.78%, what is the annualized return? Portfolio
A portfolio is a grouping of financial assets such as stocks, bonds, commodities, currencies and cash equivalents, as well as their fund counterparts, including mutual, exchange-traded and closed funds. A portfolio can also consist of non-publicly...