A friend is celebrating her birthday and wants to start saving for her anticipated retirement. She has the following years to retirement and retirement spending goals.

Years until retirement: $30$

Amount to withdraw each year: $$95,000$

Years to withdraw in retirement: $25$

Interest rate: $8\mathrm{.}0\%$

Inflation rate: $2\mathrm{.}0\%$

What amount does your friend need to save yearly to fund her retirement?

answer using excel formulas