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Q#I Mary has an investment account with a local firm and she contributes to her account as funds become available. She began the first quarter

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Q#I Mary has an investment account with a local firm and she contributes to her account as funds become available. She began the first quarter of the year with an account balance of $100,000. She deposited $3,000 at the end of the first quarter. The account value at the end of the first quarter was $104,000. Mary deposits additional $4,000 at the beginning of the second quarter. Mary withdraws $4000 at the end of the second quarter and the account value at the end of the second quarter was S103,000. Mary shows no transaction during the third quarter with the account value of $120,000 at the end of the third quarter. a) Mary believes that an accurate rate of retum cannot be computed due to her irregular deposits and withdrawals. State and justify whether an accurate return can be computed. b) Determine the Time Weighted and Money weighted rate of return for Mary

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