Problem
A young engineer wishes to become a millionaire by the time he is 60 years old. He believes that by careful investment he can obtain a 15% rate of return. He plans to add a uniform sum of money to his investment program each year, beginning on his 20th birthday and continuing through his 59th birthday. How much money must the engineer set aside in this project each year?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.