Determine x as well as your dollar-weighted interest rate

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Question - You invest 2,000 in a fund on January 1st, 2020. On August 1, 2020, your fund is worth 1,800, and you deposit another X into the fund. On January 1, 2021, your fund is worth 3400. The time-weighted rate of return on your investment during 2020 is 20%. Determine X, as well as your dollar-weighted interest rate. (You may assume simple interest for the dollar-weighted computation.)

Reference no: EM132950645

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