The compound annual growth rate

16.Consider an investment with the following returns over four years:

 

Year 1 2 3 4
Return 15% 7% 9% 11%

 

What is the compound annual growth rate (CAGR) for this investment over the four years?

The compound annual growth rate is 10.46%.

The compound annual growth rate is 10.36%.

The compound annual growth rate is 10.26%.

The compound annual growth rate is 10.16%.