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Jim Began His Investing Program with a $4050 Initial Investment

question 31

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Jim began his investing program with a $4050 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? Jim began his investing program with a $4050 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) 2.5 percent


Definitions:

Satisfactory Performance

The degree to which a task, responsibility, or duty is completed adequately or meets the expected standards.

Express Condition

A clearly stated, specific condition in a contract that must be met for the performance or continuation of that contract to be required.

Implied Condition

A condition in a contract that is not explicitly stated but is necessary for the performance of the contract.

Written Contract

A legally binding agreement between two or more parties that is put in writing and signed by the parties involved.

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