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

Quantitative Problem 2: Today, you invest a lump sum amount in

Quantitative Problem 2: Today, you invest a lump sum amount in an equity fund that provides an 10% annual return. You would like to have $11,600 in 6 years to help with a down payment for a home. How much do you need to deposit today to reach your $11,600 goal? Do not round intermediate calculations. Round your answer to the nearest cent

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