Your cousin is currently

1111

years old. She will be going to college in

77

years. Your aunt and uncle would like to have

$ 115 comma 000$115,000

in a savings account to fund her education at that time. If the account promises to pay a fixed interest rate of

3.7 %3.7%

per year, how much money do they need to put into the account today to ensure that they will have

$ 115 comma 000$115,000

in

77

years?