Calculate the dollar-weighted rate of return for the year

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An association had a fund balance of 1050 on January 1 and 1160 on December 31. At the end of every month during the year, the association deposited 90 from membership fees. There were withdrawals of 600 on February 28 and 400 on June 30. Calculate the dollar-weighted rate of return for the year. Expressed as an annual rate compounded monthly.

A) 3.00% B) 3.23% C)3.46% D) 3.69% E) 3.92%

Reference no: EM131348591

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