Peter wants to save some money for his daughter Gwen's education. Tuition costs $12,500 per year in today's dollars. His daughter was born today and will go to school starting at age 18. She will go to school for 4 years. Peter can earn 11% on his investments and tuition inflation is 7%. How much must Peter save at the end of each year, if he wants to make his last savings payment at the beginning of his daughter's first year of college? $2,694.56. $2,789.04. $3,167.33. $3,176.43