Finance. A person wishes to have $21,400 cash for a new car 7 years from now. How much should be placed in an account now, if the account pays 6% annual interest rate, compounded weekly? $ (Round to the nearest dollar.) A couple just had a baby. How much should they invest now at 5.8% compounded daily in order to have $30,000 for the child's education 17 years from now? Compute the answer to the nearest dollar. (Assume a 365-day year.) The couple should invest $ now. (Round to the nearest dollar as needed.)