Mathematics, 04.04.2020 20:18 moeshawashingto1
Dollar-cost averaging can be a successful investment strategy for some people. Using this strategy, a person saves and invests the same amount of money on a regular basis, such as monthly, regardless of market conditions. The amount is invested regardless of whether stock prices are high or low. Assume you use the dollar-cost averaging investment strategy. You invest up to $200 on the first day of each month in a balanced mutual fund. Buying shares in the mutual fund provides some diversification and lowers your risk. Use the table to answer the questions. After your December 1 purchase, the average share price you paid was $ . (Round to the cent.)
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Cate purchases $1600 worth of stock and her broker estimates it will increase in value by 4.2% each year. after about how many years will the value of cate's stock be about $2000
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Dollar-cost averaging can be a successful investment strategy for some people. Using this strategy,...
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