The returns from an investment are 1% in Year 1, 3% in Year 2, and 2.8% in
Question:
The returns from an investment are 1% in Year 1, 3% in Year 2, and 2.8% in the first half of Year 3. Calculate the annualized return for the entire period. (Round your intermediate calculations to at least 4 decimal places and final answer to 2 decimal places.)
Consider the following observations of a series:
Year 1 | Year 2 | Year 3 | Year 4 |
---|---|---|---|
109 | 129 | 169 | 179 |
a. Calculate the growth rates for Year 1–Year 2, Year 2–Year 3, and Year 3–Year 4.
(Round your answers to 4 decimal places.)
b. Calculate the average growth rate.
(Enter your answer as a percentage, rounded to 2 decimal places, using intermediate calculations rounded to at least 4 decimal places.)
Calculate the average growth rate from the following growth rates.
(Round your intermediate calculations at least to 4 decimal places and final answer to 2 decimal places.)
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill