Web DebtSmart.com
 Tuesday, December 10, 2019
 Household Math™: Average rate of return by 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 Scott Bilker and DebtSmart can be found in the online media kit.

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!

 Subscribe FREE and start finding new ways to save money and pay off your debt. "The DebtSmart Email Newsletter is packed with cutting-edge strategies for solving credit problems. I highly recommend it."--Gerri Detweiler, radio host and author of The Ultimate Credit Handbook

 DEBTSMART MEDIA MENTIONS NBC 10 News: Money King Secrets CN8:Art Fennell Reports CNN: CNN Newsroom CNN: American Morning ABC: Action News CNN/fn: Your Money

 Subscribe to the DebtSmart® RSS Feed

 READ MORE ARTICLES LIKE THIS
 Articles written by > Scott Bilker Article Categories > All Articles > Financial Planning > Household Math > Math and Money General Links > Subscribe to the DebtSmart Email Newsletter > View articles by all authors > View all article categories > View all past DebtSmart Email Newsletters > Credit Card and Debt Statistics Database