Suppose that it is your intention to live the life of a philosopher-hermit soon after graduation from Oregon State University. You believe that the meaning of life, the universe, and everything may be found after spending three years in secluded contemplation in the wilderness. It turns out, though, that even hermits have cash flow problems. Securing supplies and rent for the appropriate cottage in which to live the life of the mind will cost $8,000 per year. Assume that you plan on residing at the cottage for three years, beginning five years from now. To pay for your philosophizing, how much money would you need to invest now if you can earn 4% on your investment? What about 9%?

How do I solve this? what is the process?