An investment fund had a balance on January 1 of $273,000 and a balance on December 31 of $372,000. The amount of interest earned during the year was $18,000 and the computed yield rate on the fund was 6%. What was the average date for contributions to and withdrawals from the fund?

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Explanation:

a progressive tax is a tax that imposes a lower tax rate on low-income earners compared to those with a higher income, making it based on the taxpayer's ability to pay. that means it takes a bigger percentage from high income earners than it does from low income people.

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