Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

John had an investment fund for two years and his annual returns within those two years are -50% and 100%, respectively. What is his average

John had an investment fund for two years and his annual returns within those two years are -50% and 100%, respectively. What is his average return per year (i.e., average annual return) on his investment fund?

(Hint: What is the correct way to calculate his average annual return?)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Finance questions