How do i determine the average annual profit usining the table above if the formula is : The number of years in the formula is 3.39 which i have worked out. (total gains)- (Total outlay)/ number of years

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
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How do i determine the average annual profit usining the table above if the formula is :

The number of years in the formula is 3.39 which i have worked out.

(total gains)- (Total outlay)/ number of years 

Provided information
Cash flow
Million
Interest
Cash flow
Year
rate
Million
12%
R-638
R-638
1
12%
R160
R160
2
12%
R200
R200
3
12%
R200
R200
4
12%
R200
R200
Transcribed Image Text:Provided information Cash flow Million Interest Cash flow Year rate Million 12% R-638 R-638 1 12% R160 R160 2 12% R200 R200 3 12% R200 R200 4 12% R200 R200
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