10. The balance of an investment fund at the beginning of the year and at the...

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10. The balance of an investment fund at the beginning of the year and at the end of the year is $20,000 and $26,000, respectively. A withdrawal of $2,000 was madeat the end of 5 months. A deposit of K was made at the end of 6 months, and another deposit of 2K was made at the end of 9 months. The dollar-weighted rate of interest earned by the fund over the year is 8%. Determine K. ● 10. The balance of an investment fund at the beginning of the year and at the end of the year is $20,000 and $26,000, respectively. A withdrawal of $2,000 was madeat the end of 5 months. A deposit of K was made at the end of 6 months, and another deposit of 2K was made at the end of 9 months. The dollar-weighted rate of interest earned by the fund over the year is 8%. Determine K. ●

Answer rating: 100% (QA)

Step 1 Discounting is a technique which is used to compute the present value PV of future amount by ... View the full answer