Ms. Khan is preparing for her daughter's future wedding expenses. Her daughter is currently 15 years old, and Ms. Khan estimates that she will need $80,000 for the wedding when her daughter turns 23. (a) How much will she have to set aside today if the annual interest rate is 5% and the bank compounds it quarterly? (b) How much will she have to set aside today at the same rate if the bank compounds it daily? (c) Explain the difference in your answers above.