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An investment has paid annual interest rates of 17%, -20%, 107%, 6%, and 47% for the last 5 years. Calculate the equivalent nominal yearly rate
An investment has paid annual interest rates of 17%, -20%, 107%, 6%, and 47% for the last 5 years. Calculate the equivalent nominal yearly rate of return over the last 5 years. Express your answer in percent, rounded to 2 decimal places. (Hint: This should be true for any investment amount)
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