Question: 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

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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