Jim Began His Investing Program with a $4050 Initial Investment

question 31

Multiple Choice

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

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Definitions:

Conflict

A disagreement or dispute between parties resulting from opposing interests, values, or needs, which can occur at various levels of interaction.

Competitive

Having a strong desire to be more successful than others, often characterized by strategies aimed at winning or achieving superiority.

Cooperative

An organization or system operated and owned by a group of individuals for their mutual benefit, focusing on shared goals or interests.

Social

Pertaining to the way in which individuals interact with one another within society, including the structures and conventions that govern these interactions.