Question

Please write formulas and not solve in excel, i need to hand write and show work on the test.

1. You invested $100 in investment B for 2 years, and $100 in investment B for 1 year. Your rate of return for both years was exactly the same. If at the end of the 2 years the money grew to $215.25.
What was your compound return?

2. You invested $100 in investment A, Year 1 it grew by 10%, Year 2 by -5%, Year 3 by 7%, and Year 4 by 9%.
What was the compound return for this investment?

Answer 1

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