An investment manager had a fund of 100,000 at the beginning of 2006. On May 1 that fund had risen to 108,000 and a new deposit of 20,000 was made.

On December 1st the fund balance was 130,000 and a withdrawal of 12,000 was made. At the end of the financial year, the account balance was 110,000. 

Find the time-weighted rate of return and the dollar-weighted rate of return . (Write your answer in the format of xx.xx% and yy.yy%)

Answer rating: 100% (QA)

Dollar weighted rate of return can be calculated using IRR function Insert ... View the full answer