15. Your portfolio increased its value in 10% in 2020, 15% in 2021 and 22% and 2022. What was the average annual rate of increase for the 3-year period?
15. Your portfolio increased its value in 10% in 2020, 15% in 2021 and 22% and 2022. What was the average annual rate of increase for the 3-year period?
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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average annual rate of increase for the 3-year period?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fba5c0fcc-0a19-4a51-a206-9c3b65b78d96%2F008103e1-d090-4abc-9dc0-caa1fe82b561%2Fulzz7ds_processed.jpeg&w=3840&q=75)
Transcribed Image Text:15. Your portfolio increased its value in 10% in 2020, 15% in 2021 and 22% and 2022. What was the
average annual rate of increase for the 3-year period?
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