An association had a fund balance of 75 on January 1 and 60 on December 31. At the end of every month during the year, the association deposited 10 from membership fees. There were withdrawals of 5 on February 28, 25 on June 30, 80 on October 15, and 35 on October 31. Calculate the dollar-weighted rate of return for the year.

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter7: Exponents And Exponential Functions
Section: Chapter Questions
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An association had a fund balance of 75 on January 1 and 60 on December 31. At
the end of every month during the year, the association deposited 10 from membership fees.
There were withdrawals of 5 on February 28, 25 on June 30, 80 on October 15, and 35 on
October 31. Calculate the dollar-weighted rate of return for the year.
Transcribed Image Text:An association had a fund balance of 75 on January 1 and 60 on December 31. At the end of every month during the year, the association deposited 10 from membership fees. There were withdrawals of 5 on February 28, 25 on June 30, 80 on October 15, and 35 on October 31. Calculate the dollar-weighted rate of return for the year.
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