Question 7 You are given the following information about an investment account:- Value Immediately Before Deposit/Withdraw, RM Date Deposit/Withdraw, RM January, 1 June, 1 December, 31 4X 3,000 3,500 (a) If the time-weighted rate of return is 4.9%, compute X.

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
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Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
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Question 7
You are given the following information about an investment account:-
Immediately
Deposit/Withdraw, RM
Before Deposit/Withdraw,
RM
Date
Value
January, 1
June, 1
December, 31
4X
3,000
3,500
X
(a)
If the time-weighted rate of return is 4.9%, compute X.
(b)
Based on X obtained, compute the dollar-weighted rate of return.
Transcribed Image Text:Question 7 You are given the following information about an investment account:- Immediately Deposit/Withdraw, RM Before Deposit/Withdraw, RM Date Value January, 1 June, 1 December, 31 4X 3,000 3,500 X (a) If the time-weighted rate of return is 4.9%, compute X. (b) Based on X obtained, compute the dollar-weighted rate of return.
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