Question: When recommending five mutual funds for you to consider, a financial planner mentions that the typical minimum investment is $2000 since the minimum investment amounts

When recommending five mutual funds for you to consider, a financial planner mentions that the typical minimum investment is $2000 since the minimum investment amounts for the five funds are $500, $2000, $2500, $25 000, and $2000, respectively. However, when you key these numbers into a calculator, you find that the average minimum investment is, in fact, $6400. What accounts for this discrepancy

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