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Future Value Computation Kumari Jennings has decided to start saving for his daughter's college education by depositing $2,500 at the end of every year for
Future Value Computation Kumari Jennings has decided to start saving for his daughter's college education by depositing $2,500 at the end of every year for 18 years. He has determined that he will be able to earn 6% interest compounded annually. He hopes to have at least $70,000 when his daughter starts college in eighteen years. Will his savings plan be successful? Use Excel or a financial calculator for computation. Round answer to the nearest dollar. a. $ Check
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