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1. The balance of a mutual fund on January 1, 2021 is 1,000. The following table includes all cash flow information over the two-year
1. The balance of a mutual fund on January 1, 2021 is 1,000. The following table includes all cash flow information over the two-year period ending on December 31, 2022: 1246 Date 24 Value of fund immediately Cash flow prior to the cash flow June 30, 2021 1,250 250 December 31, 2021 1,500 -500 June 30, 2022 1,250 250 The balance of the mutual fund on December 31, 2022 is X. The annual effective time weighted rate of return 13.402%. Using a simple interest approximation, determine the dollar weighted rate of return expressed as an annual effective rate. 250
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