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19 February, 07:08

You find a mutual fund that offers approximately 4% APR compounded

monthly. How much money will you need to invest as a lump sum in order to

have $500 at the end of the year?

A. $507.89

B. $480.40

C. $518.92

D. $492.31

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Answers (1)
  1. 19 February, 07:38
    0
    Your answers is D 492.31
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