Your daughter will go to college at the end of 6-years from now. The 4-year college degree will cost $40,000 a year. The bills are payable at the beginning of each year. You opened a savings account that pays 6.0% per year interest. 1. How much money should you have in the account to pay for her entire 4-year expenses when she starts her college studies. You will not deposit any more money into the account when she starts college.