Finance Help: Your cousin is currently 8 years old. She will be going to college in 10 years. Your

Your cousin is currently 8 years old. She will be going to college in 10 years. Your aunt and uncle would like to have $78,000 in a savings account to fund her education at that time. If the account promises to pay a fixed interest rate of 5.5% per year, how much money do they need to put into the account today to ensure that they will have $78,000 in 10 years?

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