Question
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 investment | Asset under management at the beginning of each year | Return during year of investment |
1 | Sh. 1,000 | 15% |
2 | Sh. 4,000 | 14% |
3 | Sh. 45,000 | -4% |
Calculate the money weighted rate of return over the three-year period
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Elementary Principles of Chemical Processes
Authors: Richard M. Felder, Ronald W. Rousseau
3rd Edition
978-0471687573, 9788126515820, 978-0-471-4152, 0471720631, 047168757X, 8126515821, 978-0471720638
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