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A household savings-account spreadsheet shows the following entries: Date Additions Withdrawals Value
1/1/2019 148,000 - Value
1/3/2019 2,500 - Addition
3/20/2019 4,000 - Addition
7/5/2019 1,500 - Addition
12/2/2019 13,460 - Addition
3/10/2020 23,000 - Withdrawal
4/7/2020 3,000 - Addition
5/3/2020 198,000 Value
Calculate the households dollar-weighted average return between the first and final dates. (Round your answer to 2 decimal places.)
26.50% is not correct.
22.413 is also not correct
Answer & Explanation
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