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. An investment account is worth $1000 on January 1, 2020. X months before the end of 2020, the balance has increased by $50X, and S500 is deposited into the account. At the end of 2020, the balance is $2000. If the dollar-weighted rate of return for the year is 40%, find the time- weighted rate of return.

. An investment account is worth $1000 on January 1, 2020. X months before the end of 2020, the balance has increased by $50X, and S500 is deposited into the account. At the end of 2020, the balance is $2000. If the dollar-weighted rate of return for the year is 40%, find the time- weighted rate of return.

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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2. An investment account is worth $1000 on January 1, 2020. X months before the end of 2020, the balance has increased by $50X, and S500 is deposited into the account. At the end of 2020, the balance is $2000. If the dollar-weighted rate of return for the year is 40%, find the time- weighted rate of return.
Transcribed Image Text:2. An investment account is worth $1000 on January 1, 2020. X months before the end of 2020, the balance has increased by $50X, and S500 is deposited into the account. At the end of 2020, the balance is $2000. If the dollar-weighted rate of return for the year is 40%, find the time- weighted rate of return.
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