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Problem 7 - Dollar-weighted and Time-weighted rate of returns An investment account has a value of $3000 on 1/1/2014. On 6/1/2014, the value of the

Problem 7 - Dollar-weighted and Time-weighted rate of returns An investment account has a value of $3000 on 1/1/2014. On 6/1/2014, the value of the account has increased to $3057 and a deposit of X is made. On 10/1/2014, the value of the account balance is $4255 and $560 is withdrawn. On 1/1/2015, the investment account is worth $3813. Compute the time-weighted rate of return if the dollar-weighted rate of return is equal to 7.50%. iT=_______%

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