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9. On January 1,2016, an investment account is worth 100,000. On April 1,2016, the value has increased to 103,000 and 8,000 is withdrawn. On December
9. On January 1,2016, an investment account is worth 100,000. On April 1,2016, the value has increased to 103,000 and 8,000 is withdrawn. On December 31, 2016, the value of the account is X and on January 1,2018 , the account is worth 103,992 . If the dollar weighted rate of return in 2016 and the time weighted rate of return in 2017 are both equal to i, compute
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