Math question , math homework help

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Math question , math homework help

Dear Support, When I log in and open the investor account, John Smith Class A, in period of August 2014, I am seeing a return of 0.32%. However, when I run monthly return the calculation on my own, I think it should be 10.33%. It’s urgent that you display the correct return, since I cannot report on the period with the account in this state. Regards, Margaret Notes: • EOM = End of Month • BOM = Beginning of Month • Subscriptions occur at BOM • Redemptions occur at EOM • The compounded return calculation is: (August Ending Balance – (July Ending Balance + August BOM Subscriptions) – August EOM Redemptions)/(July Ending Balance – July EOM Redemptions) • July 2014 ending balance is $1,002,309.02 • There are not any transactions in July • August 2014 ending balance is $1,105,836.41 • August 2014 transactions include a subscription of $100,000.00 (Write an email response to the client inquiry below as if you were in a customer service role. Please use the notes provided to calculate the correct return and provide an explanation of the calculation to the client. Please show your work for the calculation.)

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