Kim Blair invested $7500 in a business on January 1. She withdrew $900 on March 1, reinvested

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Kim Blair invested $7500 in a business on January 1. She withdrew $900 on March 1, reinvested $1500 on August 1, and withdrew $300 on September 1. What is Kim’s average monthly investment balance for the year?
Solve the problem involving an arithmetic average.
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Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0133052312

10th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs

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