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An investment fund with initial value F 0 = 1 reported effective annual yields over the past 5 years as 9 % , 1 4
An investment fund with initial value F reported effective annual yields over the past
years as for years respectively. During this year period, the
fund received new contributions of at times in years from the start
of the year period and paid out withdrawals of at times respectively.
a Calculate the fund values just before contributions and withdrawals.
b Find the following rates of return achieved by the fund over the year period:
the linked internal rate of return LIRR
the money weighted rate of return MWRR and
the time weighted rate of return TWRR
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