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Your cousin is currently 10 years old. She will be going to college in 8 years. Your aunt and unde would like to have $120,000

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Your cousin is currently 10 years old. She will be going to college in 8 years. Your aunt and unde would like to have $120,000 in a savings account to fund her education at that time. If the acoount promises to pay a ficed interest fate of 3.8% per year, how much money do they need to put into the account today to ensure that they wil have $120,000 in 8 years? The amount they need to put away today is s (Round to the nearest cent.)

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