Question: Ted has been dollar cost averaging in a mutual fund by investing $1,600 at the beginning of every quarter for the past 5 years. He

Ted has been dollar cost averaging in a mutual fund by investing $1,600 at the beginning of every quarter for the past 5 years. He has been earning an average annual compound return of 8% compounded quarterly on this investment. How much is the fund worth today?

		$39,653.31
		$38,208.04.
		$38,875.79
		$41,342.56

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