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1) Your bank balance grew from $2028 to $6897 over the last 8 years. What is the geometric average annual return on this investment assuming

1) Your bank balance grew from $2028 to $6897 over the last 8 years. What is the geometric average annual return on this investment assuming the funds compounded annually?

2) You had 3 years of the following returns. What is the geometric average annual return assuming annual compounding?

YR1: 7.0% YR2: 15.9% YR3: 21.8%

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