Today you invest a lump sum amount in an equity fund that, Ask an Expert

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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 $11,700 in 6 years to help with a down payment for a home. How much do you need to deposit today to reach your $11,700 goal? Round your answer to the nearest cent. Do not round intermediate calculations.

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Financial Management, Finance

Category:- Financial Management
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