Jim Began His Investing Program with a $4000 Initial Investment

question 19

Multiple Choice

Jim began his investing program with a $4000 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) 0.5 percent
• B) 0.8 percent
• C) 1.0 percent
• D) 1.2 percent
• E) 1.5 percent

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Definitions:

Grade 8

A classification indicating high-strength fasteners, typically made from alloy steel and used in demanding applications.

Hex Socket

A tool fitting that features a hexagonal shape designed to drive bolts and screws with hexagonal heads.

6-Point Socket

A tool with a hexagonal (six-sided) end, used to turn fasteners such as nuts and bolts, ensuring a more secure grip and reducing the risk of stripping the fastener.

4-Point Socket

A tool attachment with four internal points designed to fit and turn bolts or nuts with square heads, providing effective leverage and grip.