Question: 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

Quantitative Problem 1: You deposit $1,500 into an account that pays

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 calcule nearest cent. Hide Feedback Incorrect - Check My Work Feedback Review the FV definition and its equation. Be careful about the order of mathematical operations if using the equation. before starting this problem). years to help with a down payment for a home. How much do you need to deposit today to reach your $12,100 goal? Do not round intermediate calch Round your answer to the nearest cent. Hide Feedback Incorrect - Check My Work Feedback Review the PV definition and its equation. Be careful about the order of mathemations if If using a financial calculator, be careful about the meaning of the negative sign and remember to include PMT =0 (or be sure to before starting this problem)

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