Quantitative Problem $1$: You deposit $$1,500$ 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? Do not round intermediate calculations. Round your answer

to the nearest cent.

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Quantitative Problem $2$: Today, you invest a lump sum amount in an equity fund that provides an $11\%$ annual return. You would like to have $$10,600$ in

$6$ years to help with a down payment for a home. How much do you need to deposit today to reach your $$10,600$ goal? Do not round intermediate

calculations. Round your answer to the nearest cent.

$