clarence invests $200 at the beginning of each quarter in stock ABC. according to the table below, how many shares of ABC will clarence own at the end of the year? (For each quarter, assume Clarence buys the maximum amount of stock that he can afford with his $200, and that he cannot buy fractions of stock.)
| Quarter | Stock price | Number of shares purchased |
|---------|-------------|----------------------------|
| Q1 | $10 | 20 |
| Q2 | $15 | 13 |
| Q3 | $12 | 16 |
| Q4 | $8 | 25 |
In Q1, Clarence buys 20 shares of stock ABC for $200. At a price of $10 per share, he can afford to buy 20 shares.
In Q2, Clarence buys 13 shares of stock ABC for $200. At a price of $15 per share, he can afford to buy 13 shares.
In Q3, Clarence buys 16 shares of stock ABC for $200. At a price of $12 per share, he can afford to buy 16 shares.
In Q4, Clarence buys 25 shares of stock ABC for $200. At a price of $8 per share, he can afford to buy 25 shares.
Therefore, at the end of the year, Clarence will own a total of 20 + 13 + 16 + 25 = 74 shares of stock ABC.