Question
4. An investment earns 10% the first year, earns 15% the second year, and loses 12% the third year. The total compound return over the
4. An investment earns 10% the first year, earns 15% the second year, and loses 12% the third year. The total compound return over the 3 years was what?
A. 41.68% B. 11.32% C. 3.64% D. 13% E. None of the above
Please show work.
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Capital And Finance
Authors: Peter Lewin, Nicolás Cachanosky
1st Edition
0367514559, 978-0367514556
