i just need part B answered

2) A firm made the following contributions to and withdrawals from the short-term investment portfolio during the past year: Beginning Balance (2) Quarter (1) End of Quarter Change in Investment (5) Interest Earned during Quarter (3) Ending Balance (4) $ 1 1,000,000 $ 20,000 $ 1,020,000 $ Hodling Period Return (3)/(2) (6) 2.00% 1.34% 1.28% 250,000 1+ (7) 1.0200 1.0134 1.0128 1.0265 2 S 1,270,000 $ 17,000 $ 1,287,000 $ (350,000) 3 $ 937,000 $ 12,000 $ 949,000 $ 145,000 4 $ 1,094,000 $ 29,000 $ 2.65% 1,123,000 $ (450,000) A. Calculate the effective annual rate of return. Wheret K = 10 + 1)-1 - Annual effective rate of return Time period N - Total number of time periods - Interest rate warned during a period 1.02 X 1.0134 x 1.012% x 1.0265-1 = 1.07464-1 -0.07464 - 7.46% B. If you simply calculated the rate of return based on the ending ($1,123,000) and beginning ($1,000,000) values, what result would you get and how does that compare to the correct return