Question An investment account has a value of $7000 on 1/1/2017. A deposit of X...
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Question An investment account has a value of $7000 on 1/1/2017. A deposit of X is made on 6/1/2017, a withdrawal of $400 is made on 9/1/2017, and a deposit of $500 is made on 10/1/2017. The balance on December 31, 2017 is $8582. Find the amount of the first deposit if the dollar-weighted rate of return is 9%. Possible Answers
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