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An investor opens an investment account with $10,000. Exactly six months later the account pays a distribution of 100, which is reinvested and immediately after

An investor opens an investment account with $10,000.

Exactly six months later the account pays a distribution of 100, which is reinvested and immediately after the reinvestment the balance is $17,000.

Exactly six months after that (i.e., exactly one year after the account was opened), the investor deposits $887 and the balance immediately after the deposit is $16,000.

Exactly one year later (i.e., exactly two years after the account was opened), the investor withdraws $17,000 and there is $400 left in the account.

What is the annualized time-weighted return (i.e., CAGR)? Make sure to calculate intermediate steps out to more accuracy than for which the final answer is requested (also any exponent you use near

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