Your daughter is currently 11 years old. You anticipate that she will be going to college in 7 years. You would like to have $ 139,000 in a savings account to fund her education at that time. If the account promises to pay a fixed interest rate of 11 % per year, how much money do you need to put into the account today to ensure that you will have $ 139,000 in 7 years?

Your deposit today should be $_________.