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Use the return data on the sheet Return Data containing the realized return of the S&P 500 from 1929-2008. Starting in 1929, divide the sample

Use the return data on the sheet "Return Data" containing the realized return of the S&P 500 from 1929-2008. Starting in 1929, divide the sample into four periods of 20 years each. For each 20-year period, calculate the final amount an investor would have earned given a $1000 initial investment.

Year S&P 500 Small Stocks Corp Bonds World Portfolio Treasury Bills CPI
1926 0.11138 0.01086 0.06285 0.22800 0.03295 -0.01117
1927 0.37125 0.31372 0.06550 0.25326 0.03153 -0.02260
1928 0.43308 0.65359 0.03378 0.33463 0.04048 -0.01156
1929 -0.08906 -0.43081 0.04320 -0.07692 0.04471 0.00585
1930 -0.25256 -0.44698 0.06343 -0.22574 0.02266 -0.06395
1931 -0.43861 -0.54676 -0.02380 -0.39305 0.01153 -0.09317
1932 -0.08854 -0.00471 0.12199 0.03030 0.00882 -0.10274
1933 0.52880 2.16138 0.05255 0.66449 0.00516 0.00763
1934 -0.02341 0.57195 0.09728 0.02552 0.00265 0.01515
1935 0.47221 0.69112 0.06860 0.22782 0.00171 0.02985
1936 0.32796 0.70023 0.06219 0.19283 0.00173 0.01449
1937 -0.35258 -0.56131 0.02546 -0.16950 0.00267 0.02857
1938 0.33204 0.08928 0.04357 0.05614 0.00060 -0.02778
1939 -0.00914 0.04327 0.04247 -0.01441 0.00042 0.00000
1940 -0.10078 -0.28063 0.04512 0.03528 0.00037 0.00714
1941 -0.11770 -0.06523 0.01788 0.18744 0.00137 0.09929
1942 0.21073 0.80778 0.03119 0.01189 0.00345 0.09032
1943 0.25763 1.22973 0.03365 0.19895 0.00381 0.02959
1944 0.19688 0.69830 0.03101 -0.10240 0.00381 0.02299
1945 0.36462 0.95416 0.03512 0.11032 0.00381 0.02247
1946 -0.08179 -0.18354 0.02558 -0.15124 0.00381 0.18132
1947 0.05238 0.02814 0.00450 0.03196 0.00618 0.08837
1948 0.05099 -0.02094 0.03707 -0.05730 0.01061 0.02991
1949 0.18065 0.23075 0.04327 0.05421 0.01122 -0.02075
1950 0.30581 0.58002 0.01891 0.25477 0.01219 0.05932
1951 0.24554 0.04543 -0.00210 0.22446 0.01557 0.06000
1952 0.18501 0.00881 0.03427 0.15822 0.01745 0.00755
1953 -0.01100 -0.04231 0.02061 0.04838 0.01867 0.00749
1954 0.52404 0.65710 0.04658 0.49823 0.00927 -0.00743
1955 0.31429 0.26917 0.01076 0.24739 0.01800 0.00375
1956 0.06628 -0.01592 -0.01792 0.06581 0.02664 0.02985
1957 -0.10854 -0.13264 0.04469 -0.06017 0.03276 0.02899
1958 0.43344 0.78319 0.00849 0.34456 0.01713 0.01761
1959 0.11904 0.15392 0.00157 0.23303 0.03477 0.01730
1960 0.00483 -0.06802 0.06722 0.03492 0.02813 0.01361
1961 0.26811 0.28332 0.03681 0.20778 0.02401 0.00671
1962 -0.08784 -0.08153 0.06204 -0.06212 0.02823 0.01333
1963 0.22692 0.16669 0.03167 0.15381 0.03226 0.01645
1964 0.16357 0.28083 0.03988 0.11247 0.03620 0.00971
1965 0.12356 0.49686 0.02082 0.09832 0.04056 0.01923
1966 -0.10104 -0.13310 -0.00255 -0.10116 0.04944 0.03459
1967 0.23942 0.93378 -0.01163 0.21283 0.04393 0.03040
1968 0.11002 0.62507 0.22457 0.13941 0.05494 0.04720
1969 -0.08465 -0.27135 -0.02459 -0.03858 0.06898 0.06197
1970 0.03940 -0.08335 0.11179 -0.01984 0.06495 0.05570
1971 0.14301 0.20339 0.09682 0.19567 0.04365 0.03266
1972 0.18995 0.03511 0.08323 0.23547 0.04231 0.03406
1973 -0.14689 -0.32081 0.02987 -0.14506 0.07289 0.08706
1974 -0.26467 -0.22968 0.00233 -0.24480 0.07994 0.12338
1975 0.37229 0.74988 0.11039 0.34493 0.05870 0.06936
1976 0.23927 0.56976 0.14557 0.14712 0.05067 0.04865
1977 -0.07156 0.20525 0.05510 0.02002 0.05453 0.06701
1978 0.06571 0.20170 0.01833 0.18216 0.07640 0.09018
1979 0.18609 0.44845 -0.01558 0.12671 0.10564 0.13294
1980 0.32504 0.22942 -0.04976 0.27721 0.12103 0.12516
1981 -0.04923 0.17527 0.08977 -0.03305 0.14596 0.08922
1982 0.21547 0.39493 0.34898 0.11272 0.10938 0.03830
1983 0.22555 0.51862 0.07317 0.23280 0.08994 0.03791
1984 0.06274 -0.07693 0.17103 0.05773 0.09896 0.03949
1985 0.31727 0.37243 0.29486 0.41770 0.07710 0.03799
1986 0.18665 0.04526 0.20913 0.42799 0.06089 0.01098
1987 0.05250 -0.09641 -0.01578 0.16764 0.05877 0.04434
1988 0.16608 0.21462 0.13793 0.23950 0.06939 0.04419
1989 0.31686 0.09925 0.15310 0.17194 0.08436 0.04647
1990 -0.03103 -0.33080 0.08606 -0.16517 0.07690 0.06106
1991 0.30464 0.38226 0.15869 0.18966 0.05428 0.03064
1992 0.07619 0.27630 0.10642 -0.04660 0.03482 0.02901
1993 0.10079 0.29116 0.14662 0.23129 0.03031 0.02748
1994 0.01320 -0.00138 -0.02435 0.05584 0.04385 0.02675
1995 0.37578 0.32127 0.21991 0.21318 0.05606 0.02538
1996 0.22960 0.17430 0.04239 0.13993 0.05136 0.03322
1997 0.33363 0.18947 0.10847 0.16227 0.05190 0.01702
1998 0.28579 -0.04355 0.10908 0.24795 0.04856 0.01612
1999 0.21042 0.18920 -0.03037 0.25354 0.04802 0.02685
2000 -0.09104 0.02640 0.11694 -0.12928 0.05981 0.03387
2001 -0.11886 0.21706 0.11461 -0.16521 0.03328 0.01552
2002 -0.22101 0.13862 0.11182 -0.19541 0.01607 0.02377
2003 0.28685 0.51567 0.09229 0.33761 0.01026 0.01879
2004 0.10882 0.17284 0.06510 0.15247 0.01432 0.03256
2005 0.04911 0.07152 0.07763 0.10023 0.03305 0.03416
2006 0.15795 0.19818 0.04139 0.20652 0.04966 0.02541
2007 0.05494 0.00903 0.04742 0.09566 0.04523 0.04081
2008 -0.36998 -0.30190 0.13449 -0.40334 0.01244 0.00091

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