The correct answer to the problem is provided and circled, I need the work that shows how we got this answers. Financial calculators and excel are not allowed. I need step by step workouts of the problem. Thank you!

8. Parents of a new baby boy want to make yearly payments at the beginning of each year for 18 years into an account which earns 5.5% annually. Determine the size of the payments needed to accumulate $20,000 for the boy's college fund 18 years from now. #643.03 3.3 Forborne and Deferred Annuities S. S. (for)