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In 2015 there were about __________ active military personnel in the U.S. armed forces.
Time-Weighted Returns
An investment performance measure that eliminates the influence of cash flows into or out of the portfolio, focusing solely on the manager's performance.
Geometric Average Return
The average rate of return on an investment that is compounded over multiple periods, considering the compounding effect.
Compounding
The process where the value of an investment increases because the earnings on an investment, both capital gains and interest, earn interest as time passes.
Dollar-Weighted Returns
A technique for determining the yield of an investment by considering both the magnitude and timing of the cash inflows and outflows associated with it.
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