Your daughter is currently 7 years old. You anticipate that she will be going to college in 11 years. You would like to have $200,000 in a savings account to fund her education at that time. If the account promises to pay a fixed interest rate of 3% per year, how much money do you need to put into the account every year, starting next year to ensure that you will have $200,000 in 11 years? Please show your work.