A household savings-account spreadsheet shows the following entries for the first day of each month: Month Additions Withdrawals Value 148,000 January February March April May June July August 2,500 4,000 1,500 13,460 3,000 23,000 198,000 Required: Use the Excel function XIRR to calculate the dollar-weighted average return for this period. (Round your answer to 2 decimal places.) Dollar-weighted average Answer is complete but not entirely correct. 70.01%
A household savings-account spreadsheet shows the following entries for the first day of each month: Month Additions Withdrawals Value 148,000 January February March April May June July August 2,500 4,000 1,500 13,460 3,000 23,000 198,000 Required: Use the Excel function XIRR to calculate the dollar-weighted average return for this period. (Round your answer to 2 decimal places.) Dollar-weighted average Answer is complete but not entirely correct. 70.01%
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text:A household savings-account spreadsheet shows the following entries for the first day of each month:
Month
January
February
March
April
May
June
July
August
Additions Withdrawals Value
148,000
2,500
4,000
1,500
13,460
3,000
23,000
198,000
Required:
Use the Excel function XIRR to calculate the dollar-weighted average return for this period. (Round your
answer to 2 decimal places.)
Dollar-weighted average
Answer is complete but not entirely correct.
70.01%
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