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

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 On October 1, the balance has grown to 9000 and then X is withdrawn.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

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