Alex needs $16,000 in order to pay for their daughter's college education. They just received a substantial inheritance. If their daughter will start school in 11 years, how much should they put into an account today if their account earns a 1.6% interest rate and they can also save $44 per month? (Enter your answer as a positive number) $5,182.45 $7,287.82 $8,097.57 $4,939.52