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2 June, 19:01

You find a mutual fund that offers approximately 8.5% 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. $437.84

B. $411.98

C. $459.27

D. $491.87

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Answers (1)
  1. 2 June, 20:01
    0
    Answer:459.27
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