Your cousin is currently 12

12 years old. She will be going to college in 6

6 years. Your aunt and uncle would like to have $ 100 comma 000

$100,000 in a savings account to fund her education at that time. If the account promises to pay a fixed interest rate of 4.0 %

4.0% peryear, how much money do they need to put into the account today to ensure that they will have $ 100 comma 000

$100,000 in 6

6 years?