A: The maximum amount she could put into any one investment is $23,600 - $1,400 = $19,000. If each investment requires a minimum deposit of $1,400, then the maximum amount that she could put into any one investment is $19,000 / 15 = $4,000 or B. The answer is (B).
Answer the following multiple choice question with options (a), (b), (c), (d), (e) by reasoning step-by-step.
Q:A day-trader plans to invest a total of $23,600 into 15 separate investments. If each investment requires a minimum deposit of $1,400, then which of the following is the maximum amount that she could put into any one investment? Answer Choices: A)$2,800 B)$4,000 C)$3,500 D)$3,800 E)$3,900