Your client, Ron Gross, is using a value averaging approach with his monthly mutual fund purchases. The goal is to increase the account value by $500 each month. He has the following transactions:
Month Price per Share Amount Invested # of Shares Bought # of Shares Owned Total Invested Total Value
5 $13.75 $400 29.091 181.818 $2,350 $2,500
6 $14.05 Based on this information, what is the dollar amount Ron should invest in month 6?
