Question
Multiple choice question. A fund has $1000 on January 1. A deposit of $1000 is made on date X (month) during the year. A withdrawal
Multiple choice question.
A fund has $1000 on January 1. A deposit of $1000 is made on date X (month) during the year. A withdrawal of $1000 is made on October 1 of the same year. On December 31, there is $1070 in the account. The money weighted rate of return is calculated as 5%. Determine the date X (month) of the $1000 deposit.
a.
May
b.
April
c.
Jun
d.
August
e.
July
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The Role Of Credit Rating Agencies In Responsible Finance
Authors: Daniel Cash
1st Edition
3030037088, 978-3030037086
