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

Question

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 OA 459 27 OB 411 98 OC 491 87 OD 437 84

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