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7. Suppose that you open a mutual fund account with a deposit of 535 dollars. 5 months later, the fund balance is 590 dollars, and
7. Suppose that you open a mutual fund account with a deposit of 535 dollars. 5 months later, the fund balance is 590 dollars, and you withdraw 180 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? (Use simple interest approximation for the dollar weighted calculation.)
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