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Problem 3. You invest 2,000 at time t=0 and an additional 1,000 at time t=3/5. At time t=1 you have 3,300 in your account. Find

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Problem 3. You invest 2,000 at time t=0 and an additional 1,000 at time t=3/5. At time t=1 you have 3,300 in your account. Find the amount that would have to be in your account at time t=3/5 if the time-weighted rate of return over the year is exactly 0.0175 (i.e. one and three-quarters of a percent) higher than the dollarweighted rate of return. Assume simple interest in computing the dollar-weighted rate of return. If there is no solution to the problem explain why

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