Your client, Ron Gross, is using a value averaging approach with his monthly mutual fund purchases The goal is to increase the account value by $500 each month He has the following transactions Month Price per Share Amount Invested of Shares Bought of Shares Owned Total Invested Total Value 5 $13 75 $400 29 091 181 818 $2,350 $2,500 6 $14 05 Based on this information, what is the dollar amount Ron should invest in month 6

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Question: Your client, Ron Gross, is using a value averaging approach with his monthly mutual fund purchases. The goal is to increase the account value by

Your client, Ron Gross, is using a value averaging approach with his monthly mutual fund purchases. The goal is to increase the account value by $500 each month. He has the following transactions:

Month	Price per Share	Amount Invested	# of Shares Bought	# of Shares Owned	Total Invested	Total Value
5	$13.75	$400	29.091	181.818	$2,350	$2,500
6	$14.05

Based on this information, what is the dollar amount Ron should invest in month 6?

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