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Mathematics, 04.05.2020 22:42 joselinen

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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You find a mutual fund that offers approximately 8.5% APR compounded
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