An initial investment of $10,000 has a value of $7,382 at the end of year 1,a rate of return of 62.43 percent for year 2,and a geometric mean return at the end of year 3 of 0.512.Determine the rate of return for the third year.

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The Answer of An initial investment of $10,000 has a value of $7,382 at the end of year 1,a rate of return of 62.43 percent for year 2,and a geometric mean return at the end of year 3 of 0.512.Determine the rate of return for the third year.

An Initial Investment of $10,000 Has a Value of $7,382