Average annual compound rates of return for theperiod

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Reference no: EM13330087

A mutual fund advertises that average annual compound rate ofreturns for various periods ending December 31, 2005 are asfollows:

10 years - 13 % ; 5 years - 17%; 2 years - 15% ; 1 year - 22%

Find the 5-year average annual compound rates of return for theperiod January 1, 1996 to December 31,2000, and find the annualrate of return for calender year 2004.

Reference no: EM13330087

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