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Slight challenge question with a twist on the return measurement problems. If you understand how to...

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Finance

Slight challenge question with a twist on the return measurementproblems. If you understand how to set up an equation to solve forthe annualized dollar-weighted return you should be able to solvethis question. Two years ago you opened a new investment accountand invested $9,000 at that time. Six months later you withdrew$1,000, and then one year after that withdrawal you invested anadditional $2000. There were not other deposits and withdrawals,and today the balance $X. If the annualized dollar-weighted returnwas 8%, what is X? Round and express your answer to thenearest dollar.

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4.2 Ratings (838 Votes)
Consider Sixmonthly periodPeriodCash flow0900011000320004XAnnualized Dollar    See Answer
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