Final answer:
The total cost of Ryan Neal's purchase of 2,000 shares of Ford at $15.88 per share, including a 3% commission, is $32,712.80.
Step-by-step explanation:
Calculating the total cost of Ryan Neal's purchase of Ford shares requires us to consider the base cost of the shares plus the commission. First, we multiply the number of shares by the price per share to find the initial amount before commission:
2,000 shares × $15.88 = $31,760.00
Next, we calculate the commission by taking 3% of the purchase price which is:
3% × $31,760.00 = $952.80
The total cost to Ryan, including commission, is the sum of the initial amount and the commission:
$31,760.00 + $952.80 = $32,712.80
Therefore, the total cost to Ryan Neal for purchasing 2,000 shares of Ford at $15.88 per share with a 3% commission is $32,712.80.