Question

You've decided to invest $200 per month, your account is set to automatically buy $200 worth of shares on or near the 15th of every month, on apr 15 if EIF costs $65/share how much did you buy ?

Answer 1

Step-by-step explanation:

On April 15th, if you're investing $200 and each share of EIF costs $65, you can calculate how many shares you bought by dividing your investment amount by the cost per share:

Number of shares bought = Investment amount / Cost per share

Number of shares bought = $200 / $65/share ≈ 3.08 shares (rounded to two decimal places)

So, on April 15th, you bought approximately 3.08 shares of EIF with your $200 investment.