You plan to send your first born child to college for a 4-year degree with 4 annual payments. Your first payment will start in 25 years in the amount of $75,000 and grow by 10% per year. Assuming a discount rate of 6%, how much do you need to set aside today to fund your child's education? Use the $ symbol and round to the nearest thousand dollars. A correct answer would look like $34,000.