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Suppose that on January 1, 2021 the balance on a fund is $14909. Suppose that there are contributions to the fund of $5998. $2953, and

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Suppose that on January 1, 2021 the balance on a fund is $14909. Suppose that there are contributions to the fund of $5998. $2953, and $5916 made, respectively, on the first day of March, September, and November 2021. In addition, suppose that there are withdrawals from the fund of $5055 and 59031 made, respectively, on the first day of May and September. Finally, suppose that the balance of the fund on the last day of February April, August, October, and December 2021 is, respectively, $28752, $36261, $32132, $30380, and $16489. (a) Find the dollar-weighted rate of return for the year. (b) Find the time-weighted rate of return for the year. 4.77% (B) 4.9% (C) 5.03% (D) 5.16% (E) 4.64% e): Select 9.76% (B) 9.89% (C) 10.28% (D) 10.02% (E) 10.15%

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