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An association had a fund balance of 75 on January 1 and 60 on December 31. At the end of every month during the year

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An association had a fund balance of 75 on January 1 and 60 on December 31. At the end of every month during the year the association deposited 10 from membership fees. There were withdrawals of 5 on February 28, 25 on June 30, 80 on October 15, and 35 on October 31 Calculate the dollar-weighted (money-weighted) rate of return for the year. 9.0% B 9.5% c 10.0% D 10.5% E 11.0%

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