You invested $210,000 on 1/1/2017. Unfortunately, the economy declined, and your investment was valued at $165,000 on 12/31/2017. The economy started improving in the next three years and your investment at the end of year 2018, 2019, and 2020 was re-valued at $175,000, $290,000 and $280000, respectively. (Assume that during this time you did not re-allocate or withdraw from your investments) Calculate the geometric mean rate of return for this investment. on excel?

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To calculate the geometric mean rate of return for this investment on Excel follow these steps 1 Cre... View the full answer