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What has been his average rate of return for the three years

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Question - Dan's portfolio increased in value 20% this year, it lost 40% last year, but gained 50% the-previous year.

a. What has been his average rate of return for the three years?

b. Suppose his portfolio continues to grow at that average return, how long will it be before he triples his money?

Reference no: EM133018399

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