Question: please explain by steps, dont use MS excel. thank you 6. The balance of a mutual fund on January 1, 2020 is 1,000. The following

please explain by steps, dont use MS excel. thank you

6. The balance of a mutual fund on January 1, 2020 is 1,000. The following table includes all cash flow information: Date March 31, 2020 December 31, 2020 September 30, 2021 Value of fund immediately Cash flow prior to the cash flow 1,100 200 1,200 -300 713 400 The balance of the mutual fund on December 31, 2021 is 1,472. Calculate both the dollar-weighted (using simple interest approximation) and time- weighted rates of return on the fund during this two year period

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