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You are given the following transactions: Date Balance before withdrawal or deposit Jan 1, 2021 $20,000 May 1, 2021 $23,000 withdrawal, $5,000 Sept1, 2021 $16,000
You are given the following transactions:
| Date | Balance before withdrawal or deposit | |
| Jan 1, 2021 | $20,000 | |
| May 1, 2021 | $23,000 | withdrawal, $5,000 |
| Sept1, 2021 | $16,000 | deposit, $7,000 |
| Jan 1, 2022 | $25,500 |
What is the time weighted rate of return for the year, 2021
-
A
-
13.33%
- B.
27.50%
- C.
20.11%
- D.
19.00%
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Business Finance
Authors: Brian Watts
8th Edition
0712110720, 978-0712110723
