Question
Paul invested $1,000 in large U.S. stocks at the beginning of 2012. This investment earned 15.05 percent in 2012, 32.70 percent in 2013, 12.00 percent
Paul invested $1,000 in large U.S. stocks at the beginning of 2012. This investment earned 15.05 percent in 2012, 32.70 percent in 2013, 12.00 percent in 2014, and 1.90 percent in 2015. What was the average annual return that Paul earned over the 20122015 period.
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Personal Financial Planning
Authors: Lawrence J. Gitman, Michael D. Joehnk
11th Edition
0324422865, 978-0324422863
