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Quantitative Problem 2: Today, you invest a lump sum amount in an equity fund that provides a 10% annual return. You would like to have

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Quantitative Problem 2: Today, you invest a lump sum amount in an equity fund that provides a 10% annual return. You would like to have $10,400 in 6 years to help with a down payment for a home. How much do you need to deposit today to reach your $10,400 goal? Do not round intermediate calculations. Round your answer to the nearest cent. $ 6201.18 X

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