(3) Franklin's investment fund had a balance of $290,000 on January 1, 1995 and a...
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(3) Franklin's investment fund had a balance of $290,000 on January 1, 1995 and a balance of $448,000 two years later. The amount of interest earned during the two years was $34,000, and the annual yield rate on the fund was 5.4%. Estimate the (dollar-weighted) average date of contributions to the account. (3) Franklin's investment fund had a balance of $290,000 on January 1, 1995 and a balance of $448,000 two years later. The amount of interest earned during the two years was $34,000, and the annual yield rate on the fund was 5.4%. Estimate the (dollar-weighted) average date of contributions to the account
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