Asked by abdullah alharbi on May 18, 2024
Verified
Anthony began the year with $96,400 already invested in his Snow 'n Ice retail store. He withdrew $14,200 on March 1 and another $21,800 on April 1. On August 1, he invested $23,700, and on November 1 he contributed another $19,300. What was his average cumulative investment during the year? (Assume that each month has the same length.)
Average Cumulative Investment
The total sum of all investments made over a period of time, divided by the number of investments.
Retail Store
A business establishment that sells goods to consumers, typically in small quantities.
- Evaluate mean expenses and determine weighted means in economic engagements.
Verified Answer
TY
Learning Objectives
- Evaluate mean expenses and determine weighted means in economic engagements.
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