You purchase a bond for $500 that earns 5% annual simple interest that will be paid back after a term of 18 months. However, one year after purchasing the bond, you need cash. Your friend Brando purchases the bond from you for X dollars, with the agreement that Brando will receive the full value of the bond at the end of the original 18 month term. If Brando ends up earning 8% annual simple interest on their investment, what is the amount X that Brando paid for the bond? ANSWER: $ Do not include units in the answer box. Just a number. Round to the nearest cent