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Complete the steps below using cell references to given data or previous calculations. In some cases, a simple cell reference is all you need. To

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Complete the steps below using cell references to given data or previous calculations. In some cases, a simple cell reference is all you need. To copy paste a formula across a row or down a column, an absolute cell reference or a mixed cell reference may be preferred. If a specific Excel function is to be used, the directions will specify the use of that function. Do not rype in numerical data into a cell or function. Instead, make a reference to the cell in which the data is found. Make your computations only in the blue cells highlighted below. In all cases, unless otherwise directed, use the earliest appearance of the data in your formulas, usually the Given Data section. Ten annual returns are listed in the following table: - 19.9% 16.6% 18.0% -50.0% 43.3% 1.2% - 16.5% 45.6% 45.2% -3.0% a. What is the arithmetic average return over the 10-year period? b. What is the geometric average return over the 10-year period? c. If you invested $100 at the beginning, how much would you have at the end? a. What is the arithmetric average return over the 10-year period? E14 Arithmetric average b. What is the geometric average return over the 10-year period? Geometric average c. If you invested $100 at the beginning, how much would you have at the end? E18 Investment $ 100 Final value of $100 E24 Requirements 1 In cell E14, by using cell references, calculate the arithmetic average of the returns (1 pt.). In cell E18, by using cell references, calculate the geometric average of the returns (1 pt.). In cell E24, by using cell references, calculate the final value of the $100 investment over the 10-year period (1 pt.), 2 3

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