Question
On January 1st, an account has a balance of $50000. On 3/1 a deposit of $4000 is made. On 6/1 a withdrawal of $5500 is
On January 1st, an account has a balance of $50000. On 3/1 a deposit of $4000 is made. On 6/1 a withdrawal of $5500 is made. On 11/1 a deposit of $4200 is made. At the end of the day on December 31st, the balance in the account is $58000. Determine the Dollar-Weighted Rate of Return. Enter your answer to 3 decimal places
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Personal Finance Building Your Future
Authors: Robert Walker, Kristy Walker
2nd Edition
0077861728, 9780077861728
