You would like to give your son $$70,000$ towards his college education $12$ years from now. How much money must you set aside today for this purpose if you can earn $8\%$ on your investments?

B$.$ $$176,271\mathrm{.}91$

C$.$ $$27,797\mathrm{.}96$

D$.$ $$3,688\mathrm{.}65$

E$.$ $$14,211\mathrm{.}11$

A$.$ $$12,250\mathrm{.}00$