The returns from an investment are 4% in Year 1, 7% in Year 2, and 10.8% in the first half of Year 3. Calculate the annualized return for the entire period. (Round your intermediate calculations to at least 4 decimal places and final answer to 2 decimal places.)
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Step 1
5 year period using the formula: \[Total Return = (1 + Return Year 1) \times (1 + Return Year 2) \times (1 + Return Year 3)^{0.5} - 1\] Show more…
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