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please give an explanation in addition to the formula nal Imagine that you had an opportunity to invest in two Funds over the last 4

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please give an explanation in addition to the formula
nal Imagine that you had an opportunity to invest in two Funds over the last 4 years. One was a risky Biotech fund and the other was "boring" fixed-income Treasuries fund. Suppose you invested $1,000,000 in each of the two funds. Here is the annual performance for each of the two funds (red indicates a losing year): Year/Fund Biotech Treasuries Year 1 72% +7% Year 2 +44% 3% Year 3 +55% +4% Year 4 +50% 1. On average, what was the annual return for each of the two funds? 2. Which fund generated more money for you (profit) and by how much

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