Posted by gaile on .
please answer:a portfolio had an original value of $8500 eight years ag.the current value of the portfolio is $45389.what is the average geometric return on this portfolio?
urgent response need please

business/math 
Reiny,
not sure what you mean by "average geometric return", do you want the average compound interest rate?
if so...
45389 = 8500(1+i)^8
5.3398824 = (1+i)^8
1+i = 1.23938
i = .23938 = 23.938%