1.Compute the geometric mean (return) and the final balance after 5 years on a $1,500 investment using the following information: Year Return 1 2 3 4 5 30% 5% -20% 10% 15% part 2 What is the average rate of return for this investment over the 5 years (convert to % and round to 3 decimal places - example 12.063%) (geometric mean)? part 3 If you invested $1,500 at the beginning, how much would your investment be worth after 5 years (round to the nearest penny (example - $1,607.45)?
1.Compute the geometric mean (return) and the final balance after 5 years on a $1,500 investment using the following information: Year Return 1 2 3 4 5 30% 5% -20% 10% 15% part 2 What is the average rate of return for this investment over the 5 years (convert to % and round to 3 decimal places - example 12.063%) (geometric mean)? part 3 If you invested $1,500 at the beginning, how much would your investment be worth after 5 years (round to the nearest penny (example - $1,607.45)?
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
Problem 1PS
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1.Compute the geometric mean (return) and the final balance after 5 years on a $1,500 investment using the following
information:
Year
1
2
3
4
5
Return
30%
5%
-20%
10%
15%
part 2
What is the average rate of return for this investment over the 5 years (convert to % and round to 3 decimal places -
example 12.063%) (geometric mean)?
part 3
If you invested $1,500 at the beginning, how much would your investment be worth after 5 years (round to the nearest
penny (example - $1,607.45)?
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