bright future investment fund has a balance of $1,209,000 on january 1. on may 1, the balance is $1,220,000. immediately after this balance is noted, $800,000 is added to the fund. if there are no further contributions to the fund for the year and the time-weighted annual yield for the fund is 15%, what is the fund balance at the end of the year? (round your answer to the nearest cent.)

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02-11-2022
Business

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bright future investment fund has a balance of $1,209,000 on january 1. on may 1, the balance is $1,220,000. immediately after this balance is noted, $800,000 is added to the fund. if there are no further contributions to the fund for the year and the time-weighted annual yield for the fund is 15%, what is the fund balance at the end of the year? (round your answer to the nearest cent.)

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