Answer:
-2.18%
Step-by-step explanation:
The mean annual growth rate of an investment over 'n' years is given by the following expression:
[tex]r=(\frac{Present\ value}{Initial\ value}) ^{(1/n)}-1[/tex]
For a 9-year investment with present value of $4,100 and initial value of $5,000, mean annual growth rate is:
[tex]r=(\frac{4,100}{5,000}) ^{(1/9)}-1\\r=-0.00218=-2.18\%[/tex]
The mean annual growth rate in the asset’s value is -2.18%
