Question
Intersect Investment Funds annual returns for the decade (2011 through 2020) are shown below: Year Annual Return 2011 1.1% 2012 12.2% 2013 6.0% 2014 3.3%
Intersect Investment Funds annual returns for the decade (2011 through 2020) are shown below: Year Annual Return 2011 1.1% 2012 12.2% 2013 6.0% 2014 3.3% 2015 9.0% 2016 -1.6% 2017 14.9% 2018 12.0% 2019 -15.3% 2020 7.8% a. Calculate Intersects arithmetic average rate of return over this period. b. Calculate Intersects geometric average rate of return over this period. c. Suppose you invested $1000 in Intersect at the start of 2011, and you invested another $1000 in Intersect at the start of 2016. What would your investment be worth at the end of 2020?
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