The returns from an investment are 5% in Year 18% in Year 2, and 15.8% in the first half of Year 3. Calculate the annualized return for the entire period. (Round your intermediate calculations to at least 4 decimal places and final answer to 2 decimal places.)

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 10EB: You have been depositing money into an account yearly based on the following investment amounts,...
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The returns from an investment are 5% in Year 18% in Year 2, and 15.8% in the first half of Year 3.
Calculate the annualized return for the entire period. (Round your intermediate calculations to at
least 4 decimal places and final answer to 2 decimal places.)
Transcribed Image Text:The returns from an investment are 5% in Year 18% in Year 2, and 15.8% in the first half of Year 3. Calculate the annualized return for the entire period. (Round your intermediate calculations to at least 4 decimal places and final answer to 2 decimal places.)
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