Finance. A person wishes to have $15,400 cash for a new car 6 years from now. How much should be placed in an account now, if the account pays 6.5% annual interest rate, compounded weekly? A couple just had a baby. How much should they invest now at 5.3% compounded daily in order to have $45,000 for the child's education 18 years from now? Compute the answer to the nearest dollar. (Assume a 365-day year.)