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 $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 goal? Do not round intermediate calculations. Round your answer to the nearest cent.

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Quantitative Problem: You own a security with the cash flows shown below.

0

1

2

3

4

0

610

360

250

330

If you require an annual return of 10%, what is the present value of this cash flow stream? Do not round intermediate calculations. Round your answer to the nearest cent.

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