Jenny Marks inherited some money from her father. She wants to use that money to buy 500 shares of Chevron stock. She will pay $32.90 per share. She has a friend who will complete the transaction for her for only $65.00 commission. She says the total of her stock purchase will be $16,550.50 with commission. Her brother said she did not figure the correct amount. Prove if Jenny is correct or not by doing the calculations, yourself to find out how much she should pay for the stock.Was Jenny correct in her calculations? Yes No
If Jenny's calculations were incorrect how much was she off in her calculations?