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Ten annual returns are listed in the following table: 19.8 % 16.1 % 17.9 % 49.9 % 43.9 % 1.1 % 16.9 % 45.6 %

Ten annual returns are listed in the following table:

19.8 %

16.1 %

17.9 %

49.9 %

43.9 %

1.1 %

16.9 %

45.6 %

44.8 %

3.5 %

a. What is the arithmetic average return over the 10-year period? (Round to four decimal places.)

b. What is the geometric average return over the 10-year period? (Round to four decimal places.)

c. If you invested $100 at the beginning, how much would you have at the end?

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