FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Given the following: Date Account Value (RM) 1st January 2020 100,000 1st March 2020 105,000 1st September 2020 112,000 31st December 2020 95,000 An additional

image text in transcribed

Given the following: Date Account Value (RM) 1st January 2020 100,000 1st March 2020 105,000 1st September 2020 112,000 31st December 2020 95,000 An additional deposit of RM10,000 was made on 1st March and a withdrawal of RM30,000 was made on 1st September. (i) Find the year 2020 time-weighted rate of interest for this account. (4 marks) (ii) The following year, these were the changes in the account values: Date Account Value (RM) 1st February 2021 100,000 1st May 2021 112,000 31st December 2021 140,000 There were additional deposits of RM15,000 made on 31st December 2020, 1st February 2021 and 1st May 2021 respectively. Calculate the annual time- weighted rate of interest

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Investments

Investments

Authors: Zvi Bodie, Alex Kane, Alan Marcus, Lorne Switzer, Maureen Stapleton, Dana Boyko, Christine Panasian

9th Canadian Edition

1259271935, 9781259271939

More Books

Students also viewed these Finance questions

Question

★★★★★
You have two assets and must calculate their values today based on their different payment streams and appropriate required returns. Asset 1 has a required return of 15% and will produce a stream of...

Answered: 1 week ago

Question

★★★★★
8.52 Starting Salaries In an attempt to compare the starting salaries of university graduates majoring in education and social sciences, random samples of 50 recent university graduates in each major...

Answered: 1 week ago

Question

★★★★★
Produces clear business plans that mirror overall Council objectives.

Answered: 1 week ago

Question

★★★★★
Your midrange guess as to the amount of oil in a prospective field is 10 million barrels, but in fact there is a 50% chance that the amount of oil is 15 million barrels and a 50% chance of 5 million...

Answered: 1 week ago

Question

★★★★★
Given the following: Date Account Value (RM) 1st January 2020 100,000 1st March 2020 105,000 1st September 2020 112,000 31st December 2020 95,000 An additional deposit of RM10,000 was made on 1st...

Answered: 1 week ago

Question

★★★★★
In the operating activities section of the statement of cash flows, we start with net income: Question 9 options: In the direct method. In the indirect method. In both the direct and the indirect...

Answered: 1 week ago

Question

★★★★★
305 mg of C6H12O6 in 55.2 mL of solution whats the molarity

Answered: 1 week ago

Question

★★★★★
Think of an experience you, a family member, or a friend have had with healthcare. Gauge the experience against the Institute of Medicine's (IOM) six aims, and identify any opportunities for...

Answered: 1 week ago

Question

★★★★★
Amazons database doesn't support very large numbers, so numbers are stored as a string of binary characters, ' O ' and ' 1 ' . Accidentally, a T was entered at some positions. and it is unknown...

Answered: 1 week ago

Question

★★★★★
13. Without using a function, calculate the 5% projection in 2021 using a formula that subtracts the manufacturing cost and the shipping cost from the sales price and then multiplies the result by...

Answered: 1 week ago

Question

★★★★★
An industrial health nurse implements a safe shoe and boot program in a manufscturing organization. Which components are important elements when implementing this program? Select all that apply....

Answered: 1 week ago

Previous Question Next Question