Question
Mayra invested in the stock market. Her annual returns for the past six years were -24.33%, 9.88%,-1.85%, -13.28%, 13.5%, and -8.56%. What was her compounded
Mayra invested in the stock market. Her annual returns for the past six years were -24.33%, 9.88%,-1.85%, -13.28%, 13.5%, and -8.56%.
What was her compounded average growth rate (CAGR) for the 6-year period?
Kindly make me understand this question in a simpler way please
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The compound annual Growth Rate CAGR is a measure of the mean annual growth rate of an investment ov...
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Investments Analysis and Management
Authors: Charles P. Jones
12th edition
978-1118475904, 1118475909, 1118363299, 978-1118363294
