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12. (4 pts) Suppose you were to deposit a lump sum today, instead of making monthly deposits. What lump sum would you need to deposit

12. (4 pts) Suppose you were to deposit a lump sum today, instead of making monthly deposits. What lump sum would you need to deposit today to end up with the same amount as in Problem 11? Use r = 2.4%; t = 6 years. Round answer to the nearest dollar. (1624) (OF

12. (4 pts) Suppose you were to deposit a lump sum today, instead of making monthly deposits. What lump sum would you need to deposit today to end up with the same amount as in Problem 11 ? Use r=2.4%;t=6 years. Round answer to the nearest dollar

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