Quantitative Problem 1: You deposit $2,400 into an account that pays 3% per year. Your...
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Quantitative Problem 1: You deposit $2,400 into an account that pays 3% per year. Your plan is to withdraw this amount at the end of 5 years to use for a down payment on a new car. How much will you be able to withdraw at the end of 5 years? Do not round intermediate calculations. Round your answer to the nearest cent. $ Show All Feedback Quantitative Problem 2: Today, you invest a lump sum amount in an equity fund that provides an 8% annual return. You would like to have $10,300 in 6 years to help with a down payment for a home. How much do you need to deposit today to reach your $10,300 goal? Do not round intermediate calculations. Round your answer to the nearest cent
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