What is hongwei time weighted return for the year

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Question - Hongwei makes quarterly investments in a mutual fund. He starts the year with $25,000 in his fund and deposits $2,000 at the end of each quarter. The mutual fund returns 3% in the First quarter and the last quarter. In both of the second and third quarters the return is r% (r > 100%). Hongwei ends the year with $34,113.11 in his account.

a) Find r.

b) What is Hongwei's time weighted return for the year?

Reference no: EM132757001

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