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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Definitions:

Self-Interest

The consideration of one's own advantage or well-being above the well-being or interests of others.

Free Public Education

An educational system financed by government funds, where schooling is provided to students at no cost to the families.

State-Supported Schools

Institutions primarily funded and managed by the government aimed at providing free or affordable education to the public.

Liberty

The situation in which an individual is not subject to overbearing restrictions by power figures on their lifestyle, behavior, or political thought.