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A household savings-account spreadsheet shows the following entries for the first day of each month in 2019: Date Account January 1 $ (148,000.00) February 1
A household savings-account spreadsheet shows the following entries for the first day of each month in 2019:
| Date | Account |
|---|---|
| January 1 | $ (148,000.00) |
| February 1 | $ (2,500.00) |
| March 1 | $ (4,000.00) |
| April 1 | $ (1,500.00) |
| May 1 | $ (13,460.00) |
| June 1 | $ 23,000.00 |
| July 1 | $ (3,000.00) |
| August 1 | $ 198,000.00 |
Required:
Use the Excel function XIRR to calculate the dollar-weighted average return for this period.
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