Your daughter will be going to college in three years. Tuition fees are estimated at
$30,000 million a year for four years, payable at the beginning of each year. To estimate whether you have set aside enough money, you ignore possible inflation in tuition payments and assume that you can earn 8 percent annually on your investments. Suppose you would like to have enough money to fund her 4-year education at the time she starts college, how much should you set aside now to cover these payments?