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Wednesday, August 21, 2019   
 
Household Math™: Average rate of return
by Scott Bilker
Scott Bilker
Scott Bilker is the author of the best-selling books, Talk Your Way Out of Credit Card Debt, Credit Card and Debt Management, and How to be more Credit Card and Debt Smart. He's also the founder of DebtSmart.com. More about and DebtSmart can be found in the online media kit.
 
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Test your knowledge by trying to solve this DebtSmart, Household Math™ problem! After you complete the problem, you’ll get the solution and explanation.
 

1. You haven’t touched the money in your investment account for the past three years. The effective annual rate of return (how much the amount has changed over the entire year) has varied from year to year. The returns were: 7 percent gain in the first year, one percent gain in the second, and a 7.47 percent loss in the third. What is your average effective annual rate of return over that three-year period?
0.00%
0.18%
0.53%
I don't know!





 

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