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Below you are given the rate of return for an asset for each year 2017 through 2020. Use this information to answer the questions below.

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Below you are given the rate of return for an asset for each year 2017 through 2020. Use this information to answer the questions below. 2017 5.5% 2018 -2.4% 2019 3.2% 12.0% 2020 (a) Calculate the arithmetic and geometric average return over the 4 year period. (b) If you invested $1000 in this asset at the beginning of 2017, how much would it be worth at the end of 2020

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