Asked by gaile
please answer:a portfolio had an original value of $8500 eight years ag.the current value of the portfolio is $45389.what is the average geometric return on this portfolio?
urgent response need please
urgent response need please
Answers
Answered by
Reiny
not sure what you mean by "average geometric return", do you want the average compound interest rate?
if so...
45389 = 8500(1+i)^8
5.3398824 = (1+i)^8
1+i = 1.23938
i = .23938 = 23.938%
if so...
45389 = 8500(1+i)^8
5.3398824 = (1+i)^8
1+i = 1.23938
i = .23938 = 23.938%
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