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(b) A mutual fund advertises that average annual compound rate of returns for various periods ending December 31, 2015 are as follows: 10 years: 13%,
(b) A mutual fund advertises that average annual compound rate of returns for various periods ending December 31, 2015 are as follows: 10 years: 13%, 5 years: 17%, 2 years: 15%, 1 year: 22%. Find the 5-year average annual compound rates of return for the period January 1, 2006 to December 31, 2010, and find the annual rate of return for calendar year 2014
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