Determine the time weighted rate of return

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Consider the following transactions. On 1/1 the balance is 220,000. On 4/1 the balance is 215,00, and deposit is made of $20,000. On 6/1, the blance is $242,000 and a withdrawl of an unknown value (X) is made. On 9/1 the blance is $221,000 and a deposit is made of $22,000. The blance on 12/31 is 10 times the value of the unknown withdraw (i.e., 10X). If you are given that the dollar weighted rate of return is 5.708%, find the time weighted rate of return.

Reference no: EM13335730

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