The Practical Investment Club has 13 members with equal shares. Their total investment to date is $24,689.55. How much is the
value of each member's share in the club?
2 answers:
THE ANSWER TO THIS QUESTION IS GOING TO BE 1,899.20
Number of members = 13
Total investment = $24,689.55
Since they have equal shares, dividing the total investment with number of members gives shares value per member.
That is
Value of shares per member = $24,689.55/13 = $1,899.20
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