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You are given the following information about the activity in an investment account. Date Fund Value before Activity Deposit Withdrawl 1/1 $1000 3/1 $1020 60
You are given the following information about the activity in an investment account.
Date | Fund Value before Activity | Deposit | Withdrawl |
1/1 | $1000 | ||
3/1 | $1020 | 60 | |
T | $1110 | 100 | |
12/31 | $1050 |
If the time-weighted yield is 1% more than the dollar-weighted yield for this account, calculate date T.
Note: Please do not use excel to solve this.
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