Question: your cousin is 9 years old. She will be going to college in 9 years. Your aunt and uncle would like to have $110,000 in a savings account to fund her education at that time. If the account promises to pay a fixed interest rate of 3.7% per year, how much money do they need to put into the account today to ensure that they will have $110,000 in 9 years?

The amount they need to put away today is $_____? (round to the nearest cent)

The amourt they need to put away 1sday 45 (Rount ta the nsivert cent)