Huntruh7212 Huntruh7212

09-06-2021
Business

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An investment earns 35% the first year, earns 40% the second year, and loses 38% the third year. The total compound return over the 3 years was

Respuesta :

ewomazinoade ewomazinoade

10-06-2021

Answer:

17.18%

Explanation:

compound return = ( 1 + 0.35)x (1 + 0.40) x (1-0.38) - 1

1.35 x 1.40 x 0.62 - 1 = 17.18%

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