You invested $4,500 in a project which gave you a return of 13.1% the 1st year. you were quite happy, but the 2nd year wasn't as good. you lost 4.3% that year. the 3rd year was better - you made 5.9% on this investment. what was your annual average rate of return over the three years?

The annual average rate of return can be calculated by calculating the average of three years annual return on the investment.

It is given that the investment earned a positive return of 13.1% in the first year, a negative return of -4.3% in the second year and a positive return of 5.9% in the third year.

Hence the annual average rate of return shall be (13.1-4.3+5.9)/3 = 4.9%

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answer; property tax payment made in july and december;