Question
Suzanne and Kerry entered into a nancial agreement. On January 1, 2014, Suzanne gave $12000 to Kerry. On April 1, 2014, Kerry repaid $4000 to
Suzanne and Kerry entered into a nancial agreement. On January 1, 2014, Suzanne gave $12000 to Kerry. On April 1, 2014, Kerry repaid $4000 to Suzanne. On July 1, 2014, Kerry repaid $4800 to Suzanne, and Suzanne immediately place half of this payment into an account at Harlow Savings and Loan which earns at effective monthly compound interest rate of 0.5% Finally, on January 1, 2015, Kerry gave Suzanne $4000 to completely repay the loan. At the same time,Suzanne closed her account at Harlow Savings and Loan and withdrew the money in the account. What is Suzannes dollar-weighted rate of return in this nancial agreement, assuming simple interest for the rate of return? (Round your answer to four places after the decimal) 3 Answer = ____________%
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