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John began his investing program with a $5,500 initial investment. The table below recaps his returns each year as well as the amounts he added
John began his investing program with a $5,500 initial investment. The table below recaps his returns each year as well as the amounts he added to his investment account. What is his dollar-weighted average return?
Time | Investment | Return | ||||
0 | $ | 5,500 | 8.5 | % | ||
1 | $ | 2,000 | - | 5.0 | % | |
2 | $ | 2,600 | 4.5 | % | ||
3 | $ | 3,000 | 9.0 | % | ||
4 | $ | 900 | - | 2.5 | % | |
A-1.8 percent
B-1.5 percent
C-2.6 percent
D-2.0 percent
E-2.2 percent
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