Edward invested $1,000 in large U.S. stocks at the beginning of 2012. This investment earned...
50.1K
Verified Solution
Link Copied!
Question
Finance
Edward invested $1,000 in large U.S. stocks at the beginning of 2012. This investment earned 16.40 percent in 2012, 30.90 percent in 2013, 13.75 percent in 2014, and 1.10 percent in 2015. What was the average annual return that Edward earned over the 20122015 period. (Round answer to 2 decimal places, e.g. 1.52.)
average annual return earned:
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.