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Bill has been adding funds to his investment account each year for the past 3 years.He started with an initial investment of $1,000.After earning a 10 percent return the first year,he added $3,000 to his portfolio.In this year his investments lost 5 percent.Undeterred,Bill added $2,000 the next year and earned a 2 percent return.Last year,discouraged by the recent results,he only added $500 to his portfolio,but in this final year his investments earned 8 percent.What was Bill's dollar-weighted average return for his investments?
Lifestyle Choices
Decisions individuals make about how to live and behave, including diet, exercise, leisure activities, and work, which can affect their health and well-being.
Physical Health
A state of well-being in which an individual realizes their own abilities, can cope with normal stresses of life, and is able to make a contribution to their community.
Type A
A personality type characterized by high levels of competitiveness, self-driven ambition, impatience, and urgency, often linked to stress and heart disease.
Type B
A personality type characterized by a more relaxed, less time-urgent, and less competitive approach to life compared to Type A.
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