done on a piece of paper with steps

5. The following table describes the money in an investment at various points throughout the year. Months from Fund value be- start of year Fund value after fore transaction Net Deposit transaction 0 13,000,000 2 12,840,000 -300,000 12,600,000 12,500,000 -400,000 12,000,000 5 12,220,000 -200,000 12,420,000 7 12,420,000 600,000 13,220,000 13,220,000 -200,000 13,220,000 10 13,320,000 100,000 13,120,000 12 13,320,000 13,000,000 500 W 1 (a) Find the Dollar-Weighted Rate of Return. [2 points] (b) Find the Time-Weighted Rate of Return. [2 points) 10 11