You are saving for retirement. On April 1, you deposit $515 in your target-date fund....
50.1K
Verified Solution
Link Copied!
Question
Finance
You are saving for retirement. On April 1, you deposit $515 in your target-date fund. By May 15, your initial deposit is worth $530 and you deposit an additional $262 at that time. On August 15, your account shows a value of $826 and you make a further deposit of $271. On November 30, your account shows a balance of $1087. What is your time-weighted return (in percent) for the period April 1 - November 30? Answer to two decimals. Carry intermediate calculations to six decimals.
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.