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Monique had $13,000 in her account on October 1, 2019. On January 1, 2020 she deposited $1000. On April 1, 2020, she withdrew $2000.

Monique had $13,000 in her account on October 1, 2019. On January 1, 2020 she deposited $1000. On April 1, 2020, she withdrew $2000. On July 1, 2020 she deposited $3000. Then on October 1, 2020, her balance showed $16,500. What was her dollar-weighted annual yield rate? Compute it exactly, and compare to using the dollar-weighted yield approximation.

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