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Jennifer makes contributions to her 401K on the first of every month for 3 consecutive months. Her contributions are $100 in the first month, $200
Jennifer makes contributions to her 401K on the first of every month for 3 consecutive months. Her contributions are $100 in the first month, $200 in the second month, and $300 in the third month. Her 401k plan automatically purchases a stock mutual fund on the day the contribution is made. Prices paid for the stock mutual fund are $29.65, $32.10 and $33.00 respectively. What is Jennifer's dollar cost average after the 3rd month?
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