Question
If the annualized five-year rate of return is 15%, and if the first year's rate of return is 20%, and if the returns in all
If the annualized five-year rate of return is 15%, and if the first year's rate of return is 20%, and if the returns in all other years are equal, what are they?
Provide the answer in % with four decimal places without rounding.
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Financial Management for Public, Health and Not-for-Profit Organizations
Authors: Steven A. Finkler, Daniel L. Smith, Thad D. Calabrese, Robert M. Purtell
5th edition
1506326846, 9781506326863, 1506326862, 978-1506326849
