2. Lupita deposits $34,890 in an account that pays 3.2% simple interest. She keeps the money in
1 answer:
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Answer: Geometric average return would be 0.10% and arithmetic average return would be 9.17%.
Step-by-step explanation:
Since we have given that
Returns are as follows:
7%, 25%, 175, -13%, 25% and -6%.
Geometric return is given by
Arithmetic average return would be
Hence, geometric average return would be 0.10% and arithmetic average return would be 9.17%.