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    Business Mathematics Study Set 1
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    Exam 9: Compound Interest: Further Topics and Applications
  5. Question
    A Portfolio Earned Annual Rates of 18%, 25%, -5%, -5
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A Portfolio Earned Annual Rates of 18%, 25%, -5%, -5

Question 143

Question 143

True/False

A portfolio earned annual rates of 18%, 25%, -5%, -5%, and 12% in five successive years. The portfolio's equivalent annual compounded rate of return is 20%.

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