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A fund has a balance of $2000 at the beginning of 2015. Deposits of $500, $900, and $200 are made into the fund on August
A fund has a balance of $2000 at the beginning of 2015. Deposits of $500, $900, and $200 are made into the fund on August 31, 2015, January 31, 2016, and November 30, 2016 respectively. Withdrawals of $400, and $300 are made on June 30, 2016 and September 30, 2017 respectively. The fund balance on December 31, 2017 is $3000. Find the annual effective approximate dollar weighted yield rate over the 3 year period. You can count partial parts of the 3 year period in months.(Answer to 4 decimal places/a percent to
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