question archive An investment has returns of 4% in year 1, 6% in year 2, and -6% in year 3
An investment has returns of 4% in year 1, 6% in year 2, and -6% in year 3
Subject:AccountingPrice: Bought3
An investment has returns of 4% in year 1, 6% in year 2, and -6% in year 3. What is its compound annual growth rate? Give your answer in percent rounded to two decimals (e.g., for 12.345% write 12.35).
