Question: no excel please show sll steps Question 2 20 pts Denise's daughter is 10 years old this summer (2020). As a concerned parent, she started

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show sll steps no excel please show sll steps Question 2 20 pts Denise's

Question 2 20 pts Denise's daughter is 10 years old this summer (2020). As a concerned parent, she started a fund intended to help her go to college. She will deposit $5,000 in June 2020, and then increase her deposits by $500 every year thereafter for the next 9 years (that is $5,500 in June 2021, $6,000 in 2022 and so forth). There are a total of 10 payments starting in June 2020 and ending in June 2029. She estimates that she can obtain an average return of 8% per year for the next 9 years. How much money will she have in her college fund in June 2029

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