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2. If we invest X0 and for the first 5 years annual returns are 15%,20%,3%,20% and 25%, what is the equivalent annual constant return rate

image text in transcribed 2. If we invest X0 and for the first 5 years annual returns are 15%,20%,3%,20% and 25%, what is the equivalent annual constant return rate for this investment, and why is it different from the average of returns

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