A household savings-account spreadsheet shows the following entries for the first day of each month in 2019: Date Account January 1 $ (148,000.00) February 1 $ (2,500.00) March 1 $ (4,000.00) April 1 $ (1,500.00) May 1 $ (13,460.00) June 1 $ 23,000.00 July 1 $ (3,000.00) August 1 $ 198,000.00 Required: Use the Excel function XIRR to calculate the dollar-weighted average return for this period.
A household savings-account spreadsheet shows the following entries for the first day of each month in 2019: Date Account January 1 $ (148,000.00) February 1 $ (2,500.00) March 1 $ (4,000.00) April 1 $ (1,500.00) May 1 $ (13,460.00) June 1 $ 23,000.00 July 1 $ (3,000.00) August 1 $ 198,000.00 Required: Use the Excel function XIRR to calculate the dollar-weighted average return for this period.
Chapter18: The Management Of Accounts Receivable And Inventories
Section: Chapter Questions
Problem 9P
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A household savings-account spreadsheet shows the following entries for the first day of each month in 2019:
Date | Account |
---|---|
January 1 | $ (148,000.00) |
February 1 | $ (2,500.00) |
March 1 | $ (4,000.00) |
April 1 | $ (1,500.00) |
May 1 | $ (13,460.00) |
June 1 | $ 23,000.00 |
July 1 | $ (3,000.00) |
August 1 | $ 198,000.00 |
Required:
Use the Excel function XIRR to calculate the dollar-weighted average return for this period.
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