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32. 1,000 is deposited into a fund on January 1, 1992. Another deposit is made into the fund on July 1, 1992. On January 1,

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32. 1,000 is deposited into a fund on January 1, 1992. Another deposit is made into the fund on July 1, 1992. On January 1, 1993, the balance in the fund is 2,000. The time-weighted yield rate is 10% and the dollar-weighted yield rate is 9% Calculate the annual effective interest rate earned on the fund during the first six months of 1992. 5.4% 6.4% 9.4% D 12.9% E 13.3%

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