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Business, 30.07.2020 03:01 kkruvc

On January 1, 1999, Luciano deposits 90 into an investment account. On April 1, 1999, when the amount in Luciano’s account is equal to X, a withdrawal of W is made. No further deposits or withdrawals are made to Luciano’s account for the remainder of the year. On December 31, 1999, the amount in Luciano’s account is 85. The dollar-weighted return over the 1-year period is 20%. The time-weighted return over the 1-year period is 16%. Calculate X.

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On January 1, 1999, Luciano deposits 90 into an investment account. On April 1, 1999, when the amoun...
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