3. On January 1, an investment fund was opened with an initial balance of 5000. Just after...
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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.
Related Book For
Advanced Accounting
ISBN: 978-0538480284
11th edition
Authors: Paul M. Fischer, William J. Tayler, Rita H. Cheng
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