You have $201,000 in an investment account on January 1. Your investments do well and by august 30 , the balance is $249,000. You add $32,000 to the account on september 1 taking your balance to $(249,000+32,000). By December 31st the investment account has a balance of $281,000. What is the Time-Weighted Rate of Return for the full year? Express your answer as a percent, omit the % sign.

question 2)Consider the previous question about the Time-Weighted Rate of Return. (TWRR) How would the Money-Weighted Rate of Return (MWRR) be different, and when would you use it?