Wealth manager geometric mean annual return over that time

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Reference no: EM131588286

You invest $50,000 with a wealth manager on December 31, 2015. Over the next five years, the wealth manager has returns of 17%, 12%, (-17%), 5% and 23%. Assuming there are no fees (BIG ASSUMPTION), how much will your initial investment be worth at the end of the fifth year? What was the wealth manager’s geometric mean ANNUAL return over that time?

Reference no: EM131588286

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