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2. Exercise Two-part of saving for your daughter's future college expenses strategyyou plan to save $2,500 quarterly in an interest bearing account with an annual interest rate of 4.75%. If you anticipate her to start college 16 years from today, (a) how much money will you have then? () Suppose she receives a full scholarship, if you decide to reinvest your funds at maturity for an additional 4 years (for her younger brother's college education expenses), under monthly compounding and an annual interest rate of 3.25% How much money will you have at the end of the reinvestment process?

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2. Exercise Two-part of saving for your daughter's future college expenses strategyyou plan to save...
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