) bright future investment fund has a balance of $1,205,000 on january 1. on may 1, the balance is $1,230,000. immediately after this balance is noted, $800,000 is added to the fund. if there are no further contributions to the fund for the year and the time-weighted annual yield for the fund is 16%, what is the fund balance at the end of the year
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Category: business |
Author: Giiwedin Frigyes
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