Quantitative Problem 11 You deposit $1,600 into an account that poys 7%5 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? Do fot round intermediate calculations. Alound your answer to the nearest cent. Quantitative Problem 2: Today, you invest a lump sum amount in an equity fund that provides an 12% annual return. You would 11k e to have 311,000 in 6 yoars to hela 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 nesrest cent