Jim Dandy invests a sum of money today. He earns the following interest rates over the next 5-years: j2 = 10% for the first 2-years j4 = 8% for the next 2-years j12 = 6% for the last year What annual effective rate of return, j1, did Jim earn over the 5-year period

Answer rating: 100% (QA)

To calculate the annual effective rate of return j1 that Jim earned over the 5year period we need ... View the full answer