Jim Began His Investing Program with a $4,000 Initial Investment

question 96

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:

Expectancy

The belief that one's effort will lead to attainment of desired performance goals.

Accomplish Objectives

Successfully achieving set goals or targets through planned actions.

Neglecting Satisfaction

The state of disregarding or ignoring the contentment and fulfillment derived from an activity or job.

Excessive Hours

Working time that significantly surpasses normal or legally permitted hours, potentially leading to health risks or work-life imbalance.