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Question Question An investment account has a value of $7000 on 1/1/2017. A deposit of X is made on 6/1/2017, a withdrawal of $400 is

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Question Question An investment account has a value of $7000 on 1/1/2017. A deposit of X is made on 6/1/2017, a withdrawal of $400 is made on 9/1/2017, and a deposit of $500 is made on 10/1/2017. The balance on December 31, 2017 is $8582. An investment account has a value of $3000 on 1/1/2017. On 6/1/2017, the value of the account has increased to $3039 and a deposit of X is made. On 10/1/2017, the value of the account balance is $4261 and $820 is withdrawn. On 1/1/2018, the investment account is worth Find the amount of the first deposit if the dollar-weighted rate of return is 9%. $3534. Compute the time-weighted rate of return if the dollar-weighted rate of return is equal to 7.09%. Possible Answers A 810 ssible Answers 6.79 B 811 B 6.85 817 6.93 D 890 D 7.02 E 891 E 7.08

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