Question
Charles invested $1,000 in large U.S. stocks at the beginning of 2012. This investment earned 15.25 percent in 2012, 31.60 percent in 2013, 12.95 percent
Charles invested $1,000 in large U.S. stocks at the beginning of 2012. This investment earned 15.25 percent in 2012, 31.60 percent in 2013, 12.95 percent in 2014, and 1.00 percent in 2015. What return did he earn in the average year during the 2012-2015 period?
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Introduction to Governmental and Not for Profit Accounting
Authors: Martin Ives, Terry K. Patton, Suesan R. Patton
7th edition
9780132776073, 132776014, 978-0132776011
