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Franklin's investment fund had a balance of $280,000 on January 1,1995 and a balance of $449,000 two years later. The amount of interest earned during
Franklin's investment fund had a balance of $280,000 on January 1,1995 and a balance of $449,000 two years later. The amount of interest earned during the two years was $33,000, and the annual yield rate on the fund was 5.4%. Estimate the (dollar-weighted) average date of contributions to the account. (Round your answer to the nearest integer.) Hint: Count the number of days after January 1, 1995. Your answer: Month: Day: Year: 1996 Answer 1: 09
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