A fund receives investments at the beginning of each year and generates returns as shown in the
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A fund receives investments at the beginning of each year and generates returns as shown in the table below
| Year of investment | Asset under management at the beginning of each year | Return during year of investment |
| 1 | Sh. 1,000 | 15% |
| 2 | Sh. 4,000 | 14% |
| 3 | Sh. 45,000 | -4% |
Calculate the money weighted rate of return over the three-year period
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Related Book For 
Elementary Principles of Chemical Processes
ISBN: 978-0471720638
3rd Edition
Authors: Richard M. Felder, Ronald W. Rousseau
Posted Date:
