Question

Over a four-year period, Lakeisha Thompson purchased shares in the Oakmark Investor Class Fund. Using dollar cost averaging, calculate the number of shares before completing this problem. (Round your answers to the nearest whole number) 15 Soints Number of Shares 00.5908 Year February 2017 February 2018 February 2019 February 2020 Investment Amount Price per Share S 3.900 s 52.00 5 3,900 $ 33.00 s 3,9005 46.40 5 3.900 $ 58.00 BOOK Pererende 0. At the end of four years, what is the total amount invested? Total investment

Answer 1

There is a total amount of $3,900 invested at the end of four-year period. Dollar cost averaging is the process of investing a fixed amount of money in a particular investment at regular intervals over a certain period of time, regardless of the share price.

This strategy helps to reduce the risk of investing a large amount at one time because it allows investors to buy more shares when the price is low and fewer shares when the price is high. The total amount invested over a four-year period using dollar cost averaging is calculated by multiplying the total number of shares purchased (calculated above) by the price per share. In this case, Lakeisha Thompson purchased a total of 15 shares at prices of $52.00, $33.00, $46.40, and $58.00. This results in a total amount of $3,900 invested over the four-year period.

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