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A fund receives investments at the beginning of each year and generates returns as shown in the table below Year of investment Asset under management

A fund receives investments at the beginning of each year and generates returns as shown in the table below

Year of investmentAsset under management at the beginning of each yearReturn during year of investment
1Sh. 1,00015%
2Sh. 4,00014%
3Sh. 45,000-4%

Calculate the money weighted rate of return over the three-year period

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