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Unformatted text preview: Zaki has a bank account balance of X on January 1, 2000. During the next two years Zaki deposits 8000 into his account and withdraws 3000. On January 1, 2002, Zaki has a bank account balance of 28,400. Assuming that all cash flows occur on January 1, 2001, Zaki estimates his annual dollar weighted return assuming simple interest to be 4.5383664%. Calculate X. 21. Book Problem 2.6, Number 2. Answers: 17. 20.1352% 18. 20.0000% 19. 17.3913% 20. 21,200 21. – 2.6954%...
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This note was uploaded on 02/05/2012 for the course MA 373 taught by Professor Staff during the Spring '08 term at Purdue.
 Spring '08
 Staff
 Math

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