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Abi invested 24,500 on 1/1/94. On 5/1/95 his balance was 28,212 and he withdrew 10,000. On 12/1/95 his balance was 15,892 and he deposited 8,000.

Abi invested 24,500 on 1/1/94. On 5/1/95 his balance was 28,212 and he withdrew 10,000. On 12/1/95 his balance was 15,892 and he deposited 8,000. On 1/1/97 his balance was 30,309.

a. Find the annual time-weighted yield for the 3-yr period.

b. Find an approximate annual dollar-weighted yield received by Abi for the 3 yr. period.

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