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Problem 1 6 - 1 4 Using Dollar Cost Averaging [ LO 1 6 - 4 ] Over a four - year period, Matt Ewing

Problem 16-14 Using Dollar Cost Averaging [LO16-4]
Over a four-year period, Matt Ewing purchased shares in the ClearBridge Large-Cap Value Fund. Use the following information:
\table[[Year,\table[[Investment],[Amount]],Price per Share],[2018,$3,200,$31 per share],[2019,3,200,39 per share],[2020,3,200,36 per share],[2021,3,200,38 per share]]
a. At the end of four years, what is the total amount invested?
b. At the end of four years, what is the total number of mutual fund shares purchased?
Note: Round your intermediate calculations and answer to 1 decimal place.
c. At the end of four years, what is the average cost for each mutual fund share?
Note: Round your intermediate calculations 4 decimal places and answer to 2 decimal places.
\table[[a. Total amount invested],[b. Total number of mutual fund shares],[c. Average cost of each mutual fund share]]
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