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You find a mutual fund that offers approximately 6% APR compounded monthly. How much will you need to invest each month for the next year in order to have $1000?

You find a mutual fund that offers approximately 6% APR compounded monthly. How much will you need to invest each month for the next year in order to have $1000?
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5 votes
You find a mutual fund that offers approximately 6% APR compounded

monthly. How much will you need to invest each month for the next year in
order to have $1000?

User Misterbassman
by
8.3k points

1 Answer

5 votes

Answer:

$81.06

A P E X :)

User Cristian Oliveira
by
8.4k points
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