Annualized Returns: An Approximation
{"Image DocumentName": "Annualized Returns: An Approximation", "Image ImageDescription": "The annualized return is often approximated using the arithmetic mean: \u2022 This approximation can be fairly poor. The problem is larger when the returns themselves are larger or when the compounding interval is smaller, but the issue is the same.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}