Question: Quantitative Problem 2 : Today, you invest a lump sum amount in an equity fund that provides an 8 % annual return. You would like

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 $11,800 in 6 years to help with a down payment for a home. How much do you need to deposit today to reach your $11,800 goal? Do not round intermediate calculations. Round your answer to the nearest cent.-
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