You are given the following information about an investment account:

i) The account values (before deposit or withdrawal) are $100 on January 1, 2017, $108 on March 1, 2017, $102 on April 1, 2017, $118 on T, 2017 and $130 0n January 1, 2018.

ii) Deposits of $20 and $X are made on April 1, 2017 and T, 2017, respectively.

iii) A withdrawal of 12 is made on March 1, 2017.

iv) The time-weighted yield is 13.61, and the dollar-weighted yield rate is 12.04.

Calculate T.

Possible Answers

A May 11

B July 11

C September 11

D October 11

E November 1