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Charles invested $1,000 in large U.S. stocks at the beginning of 2012. This investment earned 15.25...

Charles invested $1,000 in large U.S. stocks at the beginning of 2012. This investment earned 15.25 percent in 2012, 31.60 percent in 2013, 12.95 percent in 2014, and 1.00 percent in 2015. What return did he earn in the average year during the 2012–2015 period? (Round answer to 2 decimal places, e.g. 1.52.)

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Return earned in the average year_____%

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Answer #1

Return earned in the average year is 15.20%

Year Return (%)
2012 15.25%
2013 31.60%
2014 12.95%
2015 1.00%
60.80%
Average return 15.20%
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