Question: 4. On January 1, a fund had an initial balance of 5000. Just after the balance grew to 5200 on July 1, an additional 2600
4. On January 1, a fund had an initial balance of 5000. Just after the balance grew to 5200 on July 1, an additional 2600 was deposited. On October 1, the balance has grown to 9000 and then X is withdrawn. Final balance on December 1 was 6000, and the time weighted rate of return for the year was 25%. Find X (A) 3040 (B) 3140 (C) 3240 (D) 3340 (E) 3440
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
