Your daughter is currently $10$ years old. You anticipate that she will be going to college in $8$ years. You would like to have $$120,000$ in a savings account to fund her education at that time. Currently, there is $$10,000$ in the account. If the account promised to pay a fixed interest rate of $3\%$ per year how much money do you need to put into the account each year to ensure that you will have $$120,000$ in $8$ years?