Question: Compute the geometric mean (return) and the final balance after 5 years on a $1,500 investment using the following information: Year Return 1 30% 2

Compute the geometric mean (return) and the final balance after 5 years on a $1,500 investment using the following information:

Year Return
1 30%
2 5%
3 -20%
4 10%
5 15%

[A]What is the average rate of return for this investment over the 5 years(convert to % and round to 3 decimal places - example 12.063%) (geometric mean)?

[B]If you invested $1,500 at the beginning, how much would your investment be worth after 5 years (round to the nearest penny (example - $1,607.45)?

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