Question: financial calculator or a spreadsheet. Quantitative Problem 11 You deposit $1,600 into an account that pays 6% per year. Your plan is to withdraw this
financial calculator or a spreadsheet. Quantitative Problem 11 You deposit $1,600 into an account that pays 6% 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? Round your answer to the nearest cent. Do not round Intermediate calculations Quantitative Problem 21 Today, you Invest a lump sum amount in an equity Fund that provides an 11% annual return, you would like to have $11,200 in 6 years to help with a down payment for a home. How much do you need to deposit today to reach your $11,200 900l? Round your answer to the nearest cent Do not round intermediate calculations
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