What is wendels annual time-weighted rate of return

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Reference no: EM131460028

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?

Reference no: EM131460028

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