Your friend intends to retire 25 years from today. After analyzing your friends needs, you determine that a sum of $1,050,000 25 years from today will be required to meet her financial needs. Your friend plans on making quarterly contributions starting today and continuing those payments up to and including the day she retires (25 years from today). She will be able to earn an effective quarterly rate of return of 3% on her investments. You then advise that her quarterly payment will need to be. THE ANSWER SHOULD BE $1,675.96. BUT how can I solve it without using excel or tables. I want Step by Step Solution