Question: Quantitative Problem 2: Today, you invest a lump sum amount in an equity fund that provides an 9% annual retum. 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 9% annual retum. You would like to have $10,500 in 6 years to help with a down payment for a home. How much do you need to deposit today to reach your $10,500 goal? Round your answer to the nearest cent. Do not rouind Intermediate calculations

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