please answe 7, i included the first step and second step. pleaee use a financial calculator inputs (if possible) and a formula

7. (15 points) Marcia Stubern is planning for her golden years. She will retire in 20 years, at which time she plans to begin withdrawing $60,000 annually. She is expected to live for 20 years following her retirement. Her financial advisor believes she can earn 11% per year on annually. How much does she need to invest each year to prepare for her financial needs after her retirement? Hint: This a two-step problem First step; Is to determine how much money Marcia requires on the day she retires to fund her expected retirement of $60,000 per year with a 8% return Second Step: is to find the annual payment that Ms. Stubern must make to fund the amount found in part one with an expected return of 11% for the next 20 years