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. Today, you invest a lump sum amount in an equity fund that provides an 10% annual return. You would like to have $12,300 in

. Today, you invest a lump sum amount in an equity fund that provides an 10% annual return. You would like to have $12,300 in 6 years to help with a down payment for a home. How much do you need to deposit today to reach your $12,300 goal?

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