A portfolio earned annual rates of 20%, -20%, 0%, 20%, and -20% in five successive years. What

Question:

A earned annual rates of 20%, -20%, 0%, 20%, and -20% in five successive years. What was the portfolio’s five-year equivalent annually compounded rate of return?
Portfolio
A portfolio is a grouping of financial assets such as stocks, bonds, commodities, currencies and cash equivalents, as well as their fund counterparts, including mutual, exchange-traded and closed funds. A portfolio can also consist of non-publicly...