Question 6 (1 point) Listen Suppose you are depositing an amount today in an account that earns 6% interest, compounded monthly. Your goal is to have $12,000 in the account at the end of 7 years to purchase some replacement equipment in your business. How much must you deposit in the account today? Enter your answer rounded to 2 decimal places, ex. - 3,672.56 Hint - you will have to use Excel or your calculator for this one. Remember to adjust your "i" and "n" Your Answer: Answer Question 7 (1 point) 40 Listen: A Your child wants to attend a university 13 years from now. You estimate they will need $75,000. Assume you can earn an average of 4% annually. How much must you deposit today to get $75,000 in 13 years? Enter your answer rounded to 2 decimal places, ex. 4566.35