compounded returns assignment, accounting homework help

Please use the notes provided to calculate the correct return.  Please show your work for the calculation.

·  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 2016 ending balance is $1,002,309.02

·  There are not any transactions in July

·  August 2016 ending balance is $1,105,836.41

·  August 2016 transactions include a subscription of $100,000.0

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