6. A young engineer wishes to become a millionaire by the time he is 50 years...

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6. A young engineer wishes to become a millionaire by the time he is 50 years old. He believes that by careful investment he can obtain a 10% (annual) 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 49th birthday. How much money must the engineer set aside in this project each year? 6. A young engineer wishes to become a millionaire by the time he is 50 years old. He believes that by careful investment he can obtain a 10% (annual) 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 49th birthday. How much money must the engineer set aside in this project each year?