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Your cousin is currenty 11 years old. She Wil be going to college in 7 yeare. Your aurt and unde would the to hwre 500,000

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Your cousin is currenty 11 years old. She Wil be going to college in 7 yeare. Your aurt and unde would the to hwre 500,000 in a surings aceount to fund her edueaton at that time. If the account promises to pay a foxed interest rate of 4.14 per yeag, how much monty do they need to put edo the aceount today to ensure that they wil have $90,000 in 7 years? The amount they need to put away today is ? (Fewnd to the nearest cent.)

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