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Your cousin is currently 9 years old. She will be going to college in 9 years. Your aunt and uncle would like to have $105,000

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Your cousin is currently 9 years old. She will be going to college in 9 years. Your aunt and uncle would like to have $105,000 in a savings account to fund her education at that time. If the account promises to pay a fixed interest rate of 4 5% per year, how much money do they need to put into the acount today to ensure that they will have $105,000 in 9 years? The amount they need to put away today is (Round to the nearest cent) Enter your answer in the answer box

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