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An investment fund has a balance of 100 at the beginning of the year (t=0) and a balance of 145 at the end of the

An investment fund has a balance of 100 at the beginning of the year (t=0) and a balance of 145 at the end of the year (t=1). A contribution of size K is made at time t=1/3. The balance just prior to this contribution is 4K. Find K so that the annual dollar-weighted rate of return is equal to the annual time-weighted rate of return.

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