8. You would like to start saving for you daughters college education. Eighteen years from now your daughter will embark on a four-year undergraduate program at a private university. You expect to pay $25,000 up front in college related expenses for each of the four years. How much should you save each year for the next 17 years (starting next year) in order to have enough funds in the bank to pay all four years expenses when they arise? Assume that the stated interest rate is 9% per year.

How do we solve this question on a calculator