Your daughter is now $15$ years old and studying in grade $9.$ Three years down the way she will be going to medical school. To complete her medical degree, it will take another $10$ years for her. You estimated you will need $$300$K for her education and decide to save from now. The market interest rate is $7\%.$ How much you will have to save every year to accumulate the estimated $$300$K$?$