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An investment earns the following rates of the return over a four-year period: Year 1: 5% Year 2: 5% Year 3: -10% Year 4: 10%
An investment earns the following rates of the return over a four-year period: Year 1: 5% Year 2: 5% Year 3: -10% Year 4: 10% What annually compounded rate of return did this investment earn? Multiple Choice 2.5% 9.14% 2.29% 2.21%
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