Question: please help in hw! ill leave a like! Quantitative Problem 1: You deposit $2,400 into an account that pays 7% per year. Your plan is

please help in hw! ill leave a like!

Quantitative Problem 1: You deposit $2,400 into an account that pays 7% 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 2: Today, you invest a lump sum amount in an equity fund that provides an 12% annual return. You would like to have 510,800 in 6 . years to help with a down payment for a home. How much do you need to deposit today to reach your $10,800 goal? Round your answer to the nearest cent. Do not round intermediate calculations. V Hide Fecdback Incorrect - Check.My Work Feedback Review the PV definition and its equation. Be careful about the order of mathematical operations if using the equation. If using a financial calculator, be careful about the meaning of the negative sign and remember to include PMT = 0 (or be sure to clear all registers before starting this problem)

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