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(1 point) Suppose that you open a mutual fund account with a deposit of 515 dollars. 3 months later, the fund balance is 630 dollars,
(1 point) Suppose that you open a mutual fund account with a deposit of 515 dollars. 3 months later, the fund balance is 630 dollars, and you withdraw 192 dollars. A year after the account was opened, your balance is X dollars. If the dollar weighted and time weighted rates of return were the same, what is the rate of return? (Assume simple interest for the dollar weighted calculation.) Answer = percent
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