. 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.

Intermediate Algebra

10th Edition

ISBN:9781285195728

Author:Jerome E. Kaufmann, Karen L. Schwitters

Publisher:Jerome E. Kaufmann, Karen L. Schwitters

Chapter2: Equations, Inequalities, And Problem Solving

Section2.S: Summary

Problem 8S: What interest rate would you need to get to double an investment of 200 in eight years?

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