1. What is the overall yield to a lender who loans $8000 for 10 years at 4% and reinvests the annual amortizing payments at 5%?

(calculate accumulated value of original investment and then calc return)

2. An investor puts $10,000 into a fund at the beginning of the year. At the June, the investor has $12,500 in the fund and withdraws $2500. The fund value at the end of the year is $9,500. What is the dollar-weighted return to the investor and what is time-weighted return of the fund?