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An investment over 5 years has an HPR of - 2 . 1 5 % in the first year, + 2 . 1 5 %

An investment over 5 years has an HPR of -2.15% in the first year, +2.15% in the
second, +4.1% in the third, +3.2% in the fourth year, and +3.7% in the 5th.
a) Calculate the average annual compound rate of return over this 5-year holding
period. Round to 3 decimals: xx.yyy% or .xxyyy
b) What is the simple average of the annual HPRs?
c) Suppose you had invested $1100 in this investment at the start. What would
your investment have been worth at the end of the 2nd year?
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