Give your answer as a percentage, accurate to three decimal places. Over the first five years your investment has the following yearly rates of return:          3%      -7%      4%      -5%      15%                  What is your total return over these five years?       %      What is your average rate of return over these five years?

Intermediate Algebra
10th Edition
ISBN:9781285195728
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter2: Equations, Inequalities, And Problem Solving
Section2.S: Summary
Problem 8S: What interest rate would you need to get to double an investment of 200 in eight years?
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Give your answer as a percentage, accurate to three decimal places.

Over the first five years your investment has the following yearly rates of return:

    
    3%      -7%      4%      -5%      15%     
    
 



     What is your total return over these five years?
      %

     What is your average rate of return over these five years?

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