How much would need to be annually saved over the next 35 years to accumulate an amount sufficient to fund $4,000 of equal monthly retirement payments over 30 years of potential retirement. Assume that savings fund earns an annual rate of = 0.065 during the savings years and that the monthly retirement payments are amortized using an annual APR rate of = 0.03. The first annual saving deposit is made today and the first monthly retirement annuity payment is made when the retiree reaches age 65 (i.e. use FPP=0 for both the savings and the retirement amount calculations).