A fund receives contributions and disperses payments from time to time. The fund value is reported before every transaction and at the end of the year. The details for 2009 are as follows.

Please show the detailed work. Please don't use Excel.

Date Fund Values: January 1 February 28 August 31 October 31 Jan 1, 2010 Contribution Received March 1 September 1 Payments Paid November 1 Amount 50,000 52,000 62,000 74,000 63,000 12,000 8.000 14,000 Find the time-weighted rate of return. Date Fund Values: January 1 February 28 August 31 October 31 Jan 1, 2010 Contribution Received March 1 September 1 Payments Paid November 1 Amount 50,000 52,000 62,000 74,000 63,000 12,000 8.000 14,000 Find the time-weighted rate of return