Question: Future Value Computation Herman Lee has decided to start saving for his daughter's college education by depositing $3,500 at the end of every year for

Future Value Computation Herman Lee has decided to start saving for his daughter's college education by depositing $3,500 at the end of every year for 15 yearsHe has determined that he will be able to ear 6% interest compounded annuallyHe hopes to have at least $80,000 when his daughter starts college in 15 years(a) How much will he have savedb) his savings plan be successful

Future Value Computation Hecman Lee bas decided to start saving for hos daughter s coliege education by depositing 53,500 at the end of everyyear for 15 years. He has determined that he will be able to earn successful? Round to the nearest dollar. Use Excel or a financial calculator for computation. a. 1 (i)

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