A company's pension plan fund had a balance of $500,000 on January 1, 2019 and $650,000 on December 31, 2019.
A company's pension plan fund had a balance of $500,000 on January 1, 2019 and $650,000 on December 31, 2019.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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A company's pension plan fund had a balance of $500,000 on January 1, 2019 and $650,000 on December 31, 2019.
There were deposits of $50,000 from members' contributions on each of March 1, 2019 and August 1, 2019.
There were withdrawals due to retirements of $20,000 at the end of June and $25,000 at the end of November.
Calculate the approximate dollar-weighted
You can count partial parts of the year in months. (Answer to 4 decimal places/a percent to 2 decimal places.)
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