Hisar (city) Hisar pronunciation (helpÂ·info) or Hissar, is the administrative headquarters of Hisar district of Hisar division in the state of Haryana in northwestern India.
It then calculates the cumulative return and the average return in three ways -- first the numeric average of the numbers you enter, and then the cumulative return divided by the number of years, and finally by taking the cumulative return and finding the single rate that would compound to that cumulative amount over your time period.
Over the longer-term, however, the returns of municipal bonds have been fairly close to those of the investment-grade market. As of December 31, 2013, the 10-year average annual total return of the Barclays Municipal Bond Index was 4.29%, close to the 4.55% return of the Barclays Aggregate. Keep in mind, however, that this isn't an apples-to-apples comparison since the interest on municipal bonds is tax-free.