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8% until she depletes her funds. Sarah wants to take the next four years work travel around the world. She estimates her annual cash needs
8% until she depletes her funds. Sarah wants to take the next four years work travel around the world. She estimates her annual cash needs at $30,000 (if she needs more, she will work odd jobs). Sarah believes she can invest her savings (Click the icon to view Present Value of $1 table.) B(Click the icon lo view Present Value of Ordinary Annuity of $1 table.) Click the icon to view Future Value of $1 table.) (Clck the icon to view Future Value of Ordinary Annuity of $1 table.) Road the raquirements Requirement 1. How much money does Sarah need now to fund her travels? (Round your answer to the nearest whole dollar.) With the 8% interest rate, Sarah needs S Reauirement 2. Afler speaking with a number of banks. Sarah learms she will only be able to invest her funds t4 %. How much does she need now to fund her travels? (Round your answer to the nearest whole dollar.) With a 4% interest rate, Sarah would need S If Sarah's savings are earning a lower interest rate (4 % ) , she will need to save to be able to withdraw $30.000 per year
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