Chapter 3 Problem 6: A college student wants to start saving now for retirement in 35 years. How much should she save each year if she can make an average return of 8%, if she wants to have $1,000, 000 in 35 years? Remember that an equal sum series starts at the end of year 1 and goes through the end of the project life, so you must account for starting your equal payments in time zero.