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Your cousin is currently 8 years old. She will be going to college in 1 0 years. Your aunt and uncle would like to have

Your cousin is currently 8 years old. She will be going to college in 10 years. Your aunt and uncle would like to have $ 100,000 in a savings account to fund her education at that time. If the account promises to pay a fixed interest rate of 3.7% per year, how much money do they need to put into the account today to ensure that they will have $ 100,000 in 10years?

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