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1. A household savings-account spreadsheet shows the following entries for the first day of each month: Month Additions Withdrawals January February 2,500 March 4,000 April 1,500 May 13,460 June 23,000 July 3,000 August Value 148,000 198,000 Calculate the household's monthly dollar-weighted average return for this period. (LO 18-1)

1. A household savings-account spreadsheet shows the following entries for the first day of each month: Month Additions Withdrawals January February 2,500 March 4,000 April 1,500 May 13,460 June 23,000 July 3,000 August Value 148,000 198,000 Calculate the household's monthly dollar-weighted average return for this period. (LO 18-1)

EBK CONTEMPORARY FINANCIAL MANAGEMENT
EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 15QTD
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1. A household savings-account spreadsheet shows the following entries for the first day of each month: Month Additions Withdrawals January February 2,500 March 4,000 April 1,500 May 13,460 June 23,000 July 3,000 August Value 148,000 198,000 Calculate the household's monthly dollar-weighted average return for this period. (LO 18-1)
Transcribed Image Text:1. A household savings-account spreadsheet shows the following entries for the first day of each month: Month Additions Withdrawals January February 2,500 March 4,000 April 1,500 May 13,460 June 23,000 July 3,000 August Value 148,000 198,000 Calculate the household's monthly dollar-weighted average return for this period. (LO 18-1)
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