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Qu ititative Problem 2 : Today, you invest a lump sum amount in an equity fund that provides an 1 1 % annual return. You

Quititative Problem 2: Today, you invest a lump sum amount in an equity fund that provides an 11% annual return. You would like to have $11,000 in 6 years to help with a down payment for a home. How much do you need to deposit today to reach your $11,000 goal? Do not round intermediate calculations. Round your answer to the nearest cent.
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