Wendel noticed the decline and withdrew 300 on september 1, Financial Management

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Wendel noticed the decline and withdrew 300 on september 1

Wendel invested $3400 in a mutual fund on January 1, 2007. On June 1, 2009, his fund balance was $1800. Wendel noticed the decline, and withdrew $300. On September 1, 2011, his fund balance was $4000, and he then invested an additional $500.

Finally, on January 1, 2013, his fund balance is $7000. What is Wendel's annual time-weighted rate of return?

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Financial Management: Wendel noticed the decline and withdrew 300 on september 1

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