q5 An investment fund has a balance of $6,000,000 at the beginning of the year...
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q5
An investment fund has a balance of $6,000,000 at the beginning of the year and $6,360,000 at the end of the year.
Semi-annual contributions of $250,000 are made to the fund both at the end of February and at the end of August. Withdrawals of $300,000 and $200,000 for retirement benefits are made at the end of May and at the end of October respectively.
What is the dollar-weighted rate of return?
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