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all requirements please Amanda wants to take the next six years off work to travel around the world. She estimates her annual cash needs at
all requirements please
Amanda wants to take the next six years off work to travel around the world. She estimates her annual cash needs at $26.000 (if she noeds more, she will work odd jobs). Amanda beteves ahe cat ievest her savings at 12% unsis she depletes her funds. (Cick the ioon to view Present Value of 51 table.] (Cick the icon to viow Present Value of Ordinary Annudy of 51 table.) (Click the ioon to view Future Value of \$1 table.) (Click the icon to view Future Value of Ordinary Annuly of $1 table.) Read the Aequirement 1. How much money does Amanda need now to fund har traveis? (Round your anawer to the nearest whole dollari) Wht the 12\% intecest rate, Amanda needs Present Value of 51 Future Value of $1 Re Peforence Present Value of Ordinary Annuity of $1 UEIUICE (re, she wal work ood jobs) Requirements 1. How much money does Amanda need now to fund her travels? 2. After speaking with a number of banks, Amanda learns she will only be able to invest her funds at 6%. How much does she need now to fund her travels Step by Step Solution
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