As of January 1, Rheal had already invested $172,000 in her business. On April 1 she invested
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As of January 1, Rheal had already invested $172,000 in her business. On April 1 she invested another $12,000. Rheal withdrew $15,000 on June 1 and withdrew another $5000 on August 1. Rounded to the nearest dollar, what was her average cumulative investment in the business during the year? (Assume that all months have the same length, or weighting.)
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Related Book For
Fundamentals Of Business Mathematics In Canada
ISBN: 9781259370151
3rd Edition
Authors: F. Ernest Jerome, Jackie Shemko
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