3. On January 1, an investment fund was opened with an initial balance of 5000. Just after the balance grew to 5200 on July 1, an additional 2600 was deposited. The annual effective yield rate for this fund was 9.00% over the calendar year. Calculate the time-weighted rate of return for the year.

Answer rating: 100% (QA)

TimeWeighted Rate of Return TWR considers the performance of your investment over various subperiods ... View the full answer