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please show all work (10 points) A fund is initially worth $100. After 3 months it grows to $105 and X is deposited. By month
please show all work
(10 points) A fund is initially worth $100. After 3 months it grows to $105 and X is deposited. By month 6 the fund has grown to $116.75 and $12 is withdrawn. At the end of the year it is worth $100+X. If the time weighted return is 12.5%, what is X? (10 points) A fund is initially worth $100. After 3 months it grows to $105 and X is deposited. By month 6 the fund has grown to $116.75 and $12 is withdrawn. At the end of the year it is worth $100+X. If the time weighted return is 12.5%, what is XStep by Step Solution
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