1109 Tammy wants to take the next five years off work to travel around the world. She estimates her annual cash needs at $31,000 (if she needs more, she'll work odd jobs). Tammy believes she can invest her savings at 8% until she depletes her funds. (Click the icon to view the present value annuity table.) (Click the icon to view the future value annuity table.) Requirements (Click the icon to view the present value table.) (Click the icon to view the future value table.) 1. How much money does Tammy need now to fund her travels? 2. After checking with a number of banks, Tammy learns she'll be able to invest her funds only at 4%. How much does she need now to fund her travels? Requirement 1. How much money does Tammy need now to fund her travels? Calculate how much money Tammy needs now to fund her travels. (Round your answers to the nearest whole dollar.) With the 8% interest rate, Tammy needs Requirement 2. After checking with a number of banks, Tammy learns she'll be able to invest her funds only at 4%. How much does she need now to fund her travels? Calculate how much she needs to fund her travels if she didn't get the 8% interest rate she had originally planned. (Round your answers to the nearest whole dollar.) With a 4% interest rate. Tammy would need If Tammy's savings are earning a lower interest rate (4%), she'll need to save to be able to withdraw $31,000 per year.