2. An investment account is worth $1000 on January 1, 2020. X months before the end...

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2. An investment account is worth $1000 on January 1, 2020. X months before the end of 2020, the balance has increased by $50X, and $500 is deposited into the account. At the end of 2020, the balance is $2000. If the dollar-weighted rate of return for the year is 40%, find the time- weighted rate of return. 2. An investment account is worth $1000 on January 1, 2020. X months before the end of 2020, the balance has increased by $50X, and $500 is deposited into the account. At the end of 2020, the balance is $2000. If the dollar-weighted rate of return for the year is 40%, find the time- weighted rate of return.

Answer rating: 100% (QA)

Initial investment account balance on January 1 2020 1000 Balance increase per month 50X Deposit mad... View the full answer