Wendel invested 3400 in a mutual fund on january 1 2007 on, Ask an Expert

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Wendel invested $3400 in a mutual fund on January 1, 2007. On June 1, 2009, his fund balance was $1800. Wendel noticed the decline, and withdrew $300. On September 1, 2011, his fund balance was $4000, and he then invested an additional $500.

Finally, on January 1, 2013, his fund balance is $7000. What is Wendel's annual time-weighted rate of return?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M93044431

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