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An investment earns the following rates of the return over a four-year period: Year 1:5% Year 2:10% Year 3:-10% Year 4:10% What annually compounded rate
An investment earns the following rates of the return over a four-year period:
Year 1:5%
Year 2:10%
Year 3:-10%
Year 4:10%
What annuallycompoundedrate of return did this investment earn?
A) 3.28%
B) 3.41%
C) 3.59%
D) 3.75%
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