Measures of Investment Return On January 1, a fund is worth 100,000. On April 1,...
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Accounting
Measures of Investment Return
On January 1, a fund is worth 100,000. On April 1, the value has increased to 110000 and then 16000 of new principal is deposited. On August 1, the value has declined to 115000 and then 45000 is withdrawn. On January 1 of the following year, the fund is worth 105,000.
a) Calculate i(dwr):
b) Calculate i(twr):
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