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Calculate the arithmetic and geometric averages for the following: (10 points) Year 1 - 12.0% Year 2 +18.5% Year 3 +23.5% Year 4 - 9.0%

Calculate the arithmetic and geometric averages for the following: (10 points)

Year 1 - 12.0% Year 2 +18.5% Year 3 +23.5% Year 4 - 9.0% Year 5 +12.0%

a) Arithmetic average b) Geometric average

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