A household (HH) savings-account spreadsheet shows the following entries: ...
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Accounting
A household (HH) savings-account spreadsheet shows the following entries:
Date
Additions
Withdrawals
Value
1/1/10
148,000
1/3/10
2,500
3/20/10
4,000
7/5/10
1,500
12/2/10
14,360
3/10/11
23,000
4/7/11
3,000
5/3/11
198,000
Calculate the dollar-weighted average return on the HH savings account between the first and final dates. (Round your answer to 2 decimal places. Omit the "%" sign in your response.)
Dollar-weighted average
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