Quantitative Problem 2: Today, you invest a lump sum amount in an equity fund that provides an 10% annual return. You would like to have $11,200 in 6 years to help with a down payment for a home. How much do you need to deposit today to reach your $11,200 goal

$6,322.11

Step-by-step explanation:

The future value of a lump sum (S) invested today at an interest rate 'r' for a period of 'n' years, if interest is compounded annually is:

In order to obtain $11,200 after 6 years, the required investment at a 10% rate per year is:

You need to deposit $6,322.11 today in order to reach your goal in 6 years.

step-by-step explanation:

i need to answer questions so i dont know but i think its the first one because it goes up but a consent rate

these sign is used to tell weather the number is greater or less than the number   <   or >     but this sign means its equal =    

hope this you and

step-by-step explanation: