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Mary Nesbitt has an investment account with a local firm, and she makes contributions to her...

Mary Nesbitt has an investment account with a local firm, and she makes contributions to her account as funds become available. Self-employed, Mary receives money from her clients on an irregular basis. She began the month of September with a balance in her account of $100,000. She received funds in the amount of $3,000 and made a deposit into her account on September14. Next, she received a payment of $2,500 on September 21 and made another contribution. The value of her account after the first contribution was $105,000, and the account value was $108,000 after the second contribution. The account was valued at $110,000 at the end of the month.

Calculate the time-weighted return of the portfolio.

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Answer #1

Time weighted return= 4.3836% as follows:

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