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Annual average rate of return over the three years

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Reference no: EM132620234

You invested $4,500 in a project which gave you a return of 14.1% the 1st year. You were quite happy, but the 2nd year wasn't as good. You lost 4.8% that year. The 3rd year was better - you made 7.2% on this investment. What was your annual average rate of return over the three years?

Reference no: EM132620234

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