An investor deposits 50 in an investment account on January 1. The following summarizes the activity...
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An investor deposits 50 in an investment account on January 1. The following summarizes the activity in the account during the year. Date Value Before Deposit 3/15 6/1 10/1 40 80 175 Deposit 20 80 75 On June 30, the value of the account is 157.50. On December 31, the value of the account is X. Using the time-weighted method, the equivalent effective annual yield during the first 6 months is. equal to the (time-weighted) effective annual yield during the entire 1-year period. Calculate X. An investor deposits 50 in an investment account on January 1. The following summarizes the activity in the account during the year. Date Value Before Deposit 3/15 6/1 10/1 40 80 175 Deposit 20 80 75 On June 30, the value of the account is 157.50. On December 31, the value of the account is X. Using the time-weighted method, the equivalent effective annual yield during the first 6 months is. equal to the (time-weighted) effective annual yield during the entire 1-year period. Calculate X.
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To calculate the value of the account on December 31 we can use the following f... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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