In which year did the account earn its highest annually compounded return?
A) Year 1 at 10%
B) Year 2 at 5.45%
C) Year 3 at 13.8%
D) Year 4 at 17.0%
E) Year 5 at 15.6%

Name: In which year did the account earn its highest annually compounded return? A) Year 1 at 10% B) Year 2 at 5.45% C) Year 3 at 13.8% D) Year 4 at 17.0% E) Year 5 at 15.6%
Brand: Quizplus
Rating: 4.8 (30 reviews)

Question

Quizplus · Accepted Answer

Year 4 had the highest annually compounded return at 17.0%, which is greater than the returns in the other years.

In Which Year Did the Account Earn Its Highest Annually