Please show how you will solve in excel and calculator step by step break out.

Stephanie wants to save for her daughter's education. She expects tuition costs to be $8,500 per year in today's dollars. Her daughter was born today and will go to school starting at age 18. She will go to school for 4 years. Stephanie can earn 8% on her investments and tuition inflation is 3% up until she starts college. How much must Stephanie save at the end of each year if she wants to have enough for her daughter's tuition when she starts college? $1,280 $2,104 $2,389 $1,687