Question
For three successive years, an investment paid annual rates of return of 5.8%, 3.4%, and - 2.25%. Calculate the funds equivalent annually compounded rate of
For three successive years, an investment paid annual rates of return of 5.8%, 3.4%, and -
2.25%. Calculate the funds equivalent annually compounded rate of return over the three years.
Round to the nearest 0.01%.
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Foundations of Finance The Logic and Practice of Financial Management
Authors: Arthur J. Keown, John D. Martin, J. William Petty
8th edition
132994879, 978-0132994873
