Jim Began His Investing Program with a $4,000 Initial Investment

question 54

Multiple Choice

Jim began his investing program with a $4,000 initial investment.The table below recaps his returns each year as well as the amounts he added to his investment account.What is his dollar-weighted average return?

• A) 1.6 percent
• B) 2.2 percent
• C) 2.6 percent
• D) 3.2 percent
• E) 3.6 percent

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