Suppose that an investor opens an account by investing $1,000. At the beginning of each of the next 4 years, he deposits an addidtional $1,000 each year, and he then liquates the account at the end of the total 5-year period. Suppose that the yearly returns in this account, beginning in year 1, are as follows: -9%,17%,9%, and -4%.
What is the dollar weighted avg? (can you show me step by step)