You invested $1,000 for 6 years. The investment increased by 12% for 4 years and then went down by 10% per year for the last 2 years. You did a calculation and found out that your average rate of return was 4.67%. Based on a 4.67% compounded rate, you calculated that you should have $1,315 in your account but it turned out that you only had $1,275. So, what was your average compounded annual growth rate (the Geometric Mean)?

a) Not enough information to answer

b) 7.82%

c) 1.52%

d) 2.00%

e) 4.13%