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Quantitative Problem 1: You deposit $1,500 into an account that pays 7% per year. Your plan is to withdraw this amount at the end of

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Quantitative Problem 1: You deposit $1,500 into an account that pays 7% per year. Your plan is to withdraw this amount at the end of 5 years to use for a down payment on a new car. How much will you be able to withdraw at the end of 5 years? Round your answer to the nearest cent. Do not round intermediate calculations. 2103.8 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 $12,100 in 6 years to help with a down payment for a home. How much do you need to deposit today to reach your $12,100 goal? Round your answer to the nearest cent. Do not round intermediate calculations

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