On the following june 1 his fund balance is 2300 dollars


Jeff invests 7300 dollars in a mutual fund on June 1. On October 1, his fund balance is 3900 dollars, and he deposits 1400 dollars. On the following June 1, his fund balance is 2300 dollars. What is Jeff's time-weighted rate of return?

Answer = percent. (3 decimal place)

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Financial Management: On the following june 1 his fund balance is 2300 dollars
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