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You open an account by investing $1,000. At the beginning of each of the next four years, you deposit an additional $1,000 each year, and
You open an account by investing $1,000. At the beginning of each of the next four years, you deposit an additional $1,000 each year, and then liquidate the account at the end of the total five-year period. The yearly returns in this account, beginning in year 1, are as follows: -9 percent, 17 percent, 10 percent, 14 percent, and -6 percent. Calculate the dollar-weighted average return for this five-year period.
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5.13 percent
5.2 percent
4.6 percent
1.31 percent
2.77 percent
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