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Homework: Chapter 3 Homework Save Score: 0 of 1 pt 5 of 13 (0 complete) HW Score: 0%, 0 of 13 pts P 3-26 (similar
Homework: Chapter 3 Homework Save Score: 0 of 1 pt 5 of 13 (0 complete) HW Score: 0%, 0 of 13 pts P 3-26 (similar to) Question Help Your cousin is currently 14 years old. She will be going to college in 4 years. Your aunt and uncle would like to have $115,000 in a savings account to fund her education at that time. If the account promises to pay a fixed interest rate of 3.6% per year, how much money do they need to put into the account today to ensure that they will have $115,000 in 4 years? The amount they need to put away today is $. (Round to the nearest cent.)
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