Example 1 (SOA):

A fund earned investment income of

9200 during 1999. The beginning and
ending balances of the fund were
100,000 and 129,200, respectively. A
deposit was made at time K during the
year. No other deposits or withdrawals
were made. The fund earned ! in 1999
using the dollar"weighted method.
#etermine K.
Example 2 (SOA):
$n %anuary 1, 1999 &uciano deposits
90 into an investment account. $n
April 1, 1999, when the amount in
&uciano's account is e(ual to ), a
withdrawal of W is made. No further
deposits or withdrawals are made to
&uciano's account for the remainder
of the year. $n #ecember *1, 1999,
the amount in &uciano's account is +.
The dollar"weighted return over the 1"
year period is 20!. The time"
weighted return over the 1"year period
is 1,!. -alculate X.
Example 3:
.ou are given the following information concerning
the mar/et values, contributions and benefits paid by
a certain fund which has a time"weighted rate of
return for 1999 of 10.,,!.
#ate Amount
Trust mar/et values0 111199 1,000,000
211199 20,000
311199 990,000
1011199 1,100,000
-ontributions received0 ,1*0199 100,000
91*0199 100,000
4enefits paid0 *1*1199 200,000
5n what range is the trust mar/et value on 111120006