What was the average annual return that Tanner earned over the 20122015 period in Problem 7.6? Data

Question:

What was the average annual return that Tanner earned over the 2012–2015 period in Problem 7.6?

Data from problem 7.6

Tanner invested $1,000 in large U.S. stocks at the beginning of 2012. This investment earned 15.98 percent in 2012, 32.41 percent in 2013, 13.69 percent in 2014, and 1.41 percent in 2015.

Stocks
Stocks or shares are generally equity instruments that provide the largest source of raising funds in any public or private listed company's. The instruments are issued on a stock exchange from where a large number of general public who are willing...

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