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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