Slight challenge question with a twist on the return measurement problems. If you understand how to set up an equation to solve for the annualized dollar-weighted return you should be able to solve this question. Two years ago you opened a new investment account and invested $9,000 at that time. Six months later you withdrew $1,000, and then one year after that withdrawal you invested an additional $2000. There were not other deposits and withdrawals, and today the balance $X. If the annualized dollar-weighted return was 8%, what is X? Round and express your answer to the nearest dollar, do not include a dollar sign, and if your answer exceeds 1000 do not include a comma.
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