Your daughter is just born today. You want to setup an education fund to her for financing her college tuition on her 18th birthday. The college expenses amount to $40,000 per year for 4 years currently. a. How much money do you need to have today in an account that earns 7% per year if there is no inflation or tuition increase during the 4 years of college? (6 marks) b. How much money do you need to have today in an account that earns 7% per year if tuition fee increases at 3% per year? (8 marks)