John Began His Investing Program with a $5,500 Initial Investment

question 29

Multiple Choice

John began his investing program with a $5,500 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) 1.5 percent
• B) 1.8 percent
• C) 2.0 percent
• D) 2.2 percent
• E) 2.8 percent

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Definitions:

Economic Values

The principles or standards guiding the worth of activities, goods, services, and transactions in an economic system, often influencing production, distribution, and consumption decisions.

Economic Activity

Engagements and actions that involve the production, distribution, and consumption of goods and services within an economy.

Puritan Control

The influence or governance exercised by Puritans, especially in early American colonial settlements, characterized by strict religious conformity and moral codes.

Boston Merchants

Businesspeople from Boston, historically significant for their roles in colonial trade, including participation in events leading up to the American Revolution.