Igor needs to have $31,500 ready in six years from now for a house down payment. He plans to fund this by making weekly deposits into an account that earns 5.53% compounded weekly. What is the size of the weekly payments Igor must make?

DRAW OUT A DETAILED TIME LINE!!!!

Weekly interest rate = 5.53%/52 = 0.106% FV of annuity = P* { [1+r]^t-1]/r} 31,500 = p * { [1+0.106%]^(52*6)-1]/0.106% } P = $85.19