Question
An investment account has a value of $3000 on 1/1/2014. A deposit of XX is made on 5/1/2014, a withdrawal of $400 is made on
An investment account has a value of $3000 on 1/1/2014. A deposit of XX is made on 5/1/2014, a withdrawal of $400 is made on 9/1/2014, and a deposit of $300 is made on 11/1/2014. The balance on December 31, 2014 is $4042. Find the amount of the first deposit if the dollar-weighted rate of return is 9% X=
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IT Auditing Defined
Authors: Ibrahim Yussuf, Matthew Robinett
1st Edition
1645435148, 978-1645435143
