I need #8 answered and explained! Thank you!

Percent LO1.30 8. Pete Morton is planning to go to graduate school in a program of study that will take three years. Pete wants to have $9.000 available each year for various school and living expenses. If he earns 3 percent on his money, how much must he deposit at the start of his studies to be able to withdra 50.000 a year for three rears? (LO13 9. Carapat dengit S i nto her retira