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An investment manager had a fund of 100,000 at the start of the year. on Feb 1, the fund had dropped to 98,000 and a
An investment manager had a fund of 100,000 at the start of the year. on Feb 1, the fund had dropped to 98,000 and a withdrawal of 10,000 was made. On Sep. 1, the fund balance was 100,000 and a new deposit of 10,000 was made. At year end, the account balance was 105,000. Find the time weighted and dollar weighted rates of return.
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