6) You are given the following information about an investment fund over the course of a single calendar year: The beginning-of-year fund balance is 600,000. On May 1, 100,000 is withdrawn from the fund. (and just prior to this withdrawal, the fund balance was 630,000) On November 1, 50,000 is deposited into the fund. (and just prior to this withdrawal, the fund balance was 583,000). The end-of-year fund balance is 582,360. b) Calculate the time-weighted rate of interest for the year. (5 points) c) Which of the two methods produces a better indicator of actual investment performance, independent of the amounts invested? (2 points) 6) You are given the following information about an investment fund over the course of a single calendar year: The beginning-of-year fund balance is 600,000. On May 1, 100,000 is withdrawn from the fund. (and just prior to this withdrawal, the fund balance was 630,000) On November 1, 50,000 is deposited into the fund. (and just prior to this withdrawal, the fund balance was 583,000). The end-of-year fund balance is 582,360. b) Calculate the time-weighted rate of interest for the year. (5 points) c) Which of the two methods produces a better indicator of actual investment performance, independent of the amounts invested? (2 points)