Suppose that you open a mutual fund account with a deposit of 505 dollars. 5 months later,
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Suppose that you open a mutual fund account with a deposit of 505 dollars. 5 months later, the fund balance is 595 dollars, and you withdraw 192 dollars. A year after the account was opened, your balance is X dollars. If the dollar weighted and time weighted rates of return were the same, what is the rate of return?
Related Book For
Engineering Economy
ISBN: 978-0133439274
16th edition
Authors: William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
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