Amands wants to take the next four years off work to travel around the world. She estimates her annual cash needs at $30,000. Amanda believes she can invest her savings at 12% until she depletes her funds.

(Round to nearest whole dollar)

With the 12% interest rate, Amanda needs ___

With a 8% interest rate, Amanda would need ___

With a 6% interest rate, Amanda would need ___

Present Value of $1 Periods 1% 2%. 3% 5% 6% 7%. S% 9% 10% 12%. 14% 15% 16% 15% 20%. Period 10.990 0.980 0.971 0.962 0.952 0.943 0.9350 926 0917 0.909 0.893 0.877 0.870 0.862 0.8470.833 Period 2 0,980 0.961 0.943 0.925 0.907 0.890 0.873 0857 0.842 0.826 0.797 0.769 0.756 0.743 0.7180.694 Period 3 0.971 0942 0.915 0.889 0.864 0.840 0.816 0.794 0.772 0.751 0.712 0.675 0.658 0.641 0.609 0.579 Period 4 0.961 0.924 0.888 0.855 0.823 0.792 0.763 0.735 0.708 0.683 0.636 0.592 0.572 0.552 0516 0.482 Period 5 0.951 0 906 0.863 0.822 0.784 0.747 0.713 0.681 0.650 0.621 0.567 0.519 0.497 0.476 0.437 0.402 Period 6 0.942 0 888 0.837 0.790 0.746 0.705 0.6660.630 0.596 0.564 0.507 0.456 0.432 0.410 0.370 0.335 Period 7 0.933 0.871 0.813 0.760 0.7110.665 0.623 0.583 0.547 0.513 0.452 0.400 0.376 0.354 0.314 0.279 Period 3 0.923 0.853 0.789 0.731 0.677 0.627 0.5820540 0.502 0.467 0.404 0.351 0327 0.305 0 266 0.233 Period 9 0.9140 837 0.766 0.703 0.6450.592 0.544 0.500 0.460 0.424 0.361 0.308 0.284 0.263 0.225 0.194 Period 100 9050 820 0.744 0.676 0.614 0.558 0.508 0.463 0.422 0.386 0.322 0.2700 2470 227 0.191 0.162 Period 11 0.896 0.804 0.722 0.650 0.585 0.527 0.475 0.429 0.388 0.350 0.287 0.2370215 0.195 0.162 0.135 Period 12 0.887 0.788 0.701 0.625 0.557 0.497 0.444 0.397 0.356 0.319 0.257 0208 0.187 0.168 0.137 0.112 Period 130.879 0.773 0.681 0.601 0.530 0.469 0.415 0.368 0.326 0.290 0.229 0.182 0.163 0.145 0.116 0.093 Period 14 0 870 0.758 0.661 0577 0505 0.442 0.388 0.340 0.299 0.263 0205 0.160 0.141 0.125 0.099 0.078 Period 15 0861 0743 0642 0.555 0.481 0.417 0.362 0.315 0.275 0239 0.183 0.140 0.123 0.108 0.084 0065 Period 16 0.853 0.728 0.623 0534 0.458 0.394 0.339 0292 0.252 0218 0.163 0.123 0.107 0.093 0071 0.054 Period 170844 0.714 0.605 0.513 0.436 0.371 0.317 0.270 0231 0.198 0.146 0.108 0.093 0.080 0.060 0045 Perind 18 In 836 in zon 10 587 10 494 1 0 416 10 350 10 296 in 250 10 212 10 180 l n 130 l n nas 81 l m nga ln 051 | ABA Present Value of Ordinary Annuity of $1 Periods 1% 2%. 3% 5% 6% 7% 9% 9% 10% 12% 14% 15% 16% 18% 20% Period 1 0.9900 9800.971 0.962 0.952 0.943 0935 0.926 0917 0.909 0.893 0.877 0.870 0.862 0.847 0.833 Period 2 1970 1942 1913 1.886 1.859 1.833 1808 1.783 1.759 1.736 1690 1.647 1.626 1.605 1566 1528 Period 3 2941 2.884 2.829 2.775 2.723 2.673 2.624 2.577 2 531 2.487 2.402 2.322 2283 2246 2.174 2.106 Period 4 3.902 3.808 3.717 3630 3.546 3.465 3.387 3.312 3.240 3.170 3.037 2.914 2855 2.798 2.690 2.589 Period 5 48534.713 4580 4452 4329 4212 4.100 3.9933.890 3.791 3.605 3.433 3.352 3.274 3.127 2.991 Period 6 5.795 5.601 5.417 5.2425.076 4.917 4.767 4.623 4.486 4.355 4111 3.8893.7843685 3.498 3.326 Period 7 6.728 6.472 6.230 6.002 5.786 5.582 5.3895206 5,033 4.868 4,564 4.288 4.160 40393812 3.605 Period 3 7.652 7.325 7.020 6.733 6.463 6.210 5.971 5.7475.535 5.335 4.968 4.639 4 487 4344 4.078 3.837 Period 9 8.566 8.1627.786 7.435 7.108 6.802 6515 6.247 5.995 5.759 5328 4946 4.772 4.607 4303 4031 Period 10 9.471 8.983 8.530 8.111 7.722 7360 7.024 6.710 6.418 6.145 5.650 5.216 5.019 4833 4.494 4.192 Period 11 10.368 9.787 9.2538.760 8.306 7.8877.499 7.139 6805 6.495 5.938 5.453 5234 5.0294656 4.327 Period 12 11.255 10.575 9.954 9.385 8.863 8. 384 7943 7536 7.161 68146.194 5.660 5.421 5.197 4793 4.439 Period 13 12.134 11.348 10,635 9.986 9.394 8.853 8.358 7.904 7.487 7.103 6.424 5.8425.583 5342 4.910 4533 Period 14 13 004 12.106 11.296 10.563 9.899 9.295 8.745 8.2447.786 7.367 6.628 6.0025.724 5.468 5008 4611 Period 15 13 865 12.849 11.938 11.118 10380 9.712 9.108 8.559 80617.606 6811 6.1425.847 5,575 5.092 4.675 Period 16 14 718 13.578 12.561 11.652 10.838 10.106 9.447 8.851 8.313 7.824 6.9746265 5,954 5669 5.162 4.730 Period 1715562 14.292 13.166 12.166 11 274 10.477 9.763 9.122 8.544 8.022 7.120 6373 6.047 5.749 5.222 4.775 Period 18 16 398114992 1 13 754 12 659 111 690 828 10 059 9 372 1 8 756 8 201 17.250 6 167 16 128 58185273 4812 Periods Period 1 Period 2 Period 3 Period 4 Period 5 Period 6 Period 7 Period 8 Period 9 Period 10 Period 11 Period 12 Period 13 Period 14 Period 15 Period 16 Period 17 Period 18 Future Value of $1 1%. 2% 3% 4% 5% 6% 7% 9% 10% 12% 14% 15% 1.010 1.020 1.030 1.040 1.050 1.060 1.070 1.080 1.090 1.100 1.120 1.140 1.150 1.020 1.040 1.061 1.0821.103 1.124 1.145 1.166 1.1881.210 1.254 1.300 1323 1.030 1.061 1.093 1.125 1.158 1.191 1.225 1.260 1.295 1.331 1.405 1.482 1521 1.041 1.0821.126 1.170 1.216 1.262 1311 1.360 1.412 1.464 1.574 1689 1.749 1.051 1.104 1.159 1.217 1.276 1.338 1.403 1.469 1.539 1.611 1.762 1.925 2.011 1.062 1.126 1.194 1.265 1340 1.419 1.501 1587 1.677 1.772 1.9742.195 2313 1.072 1.149 1.230 1.316 1.407 1.504 1.606 1.7141.8281.949 2.211 2 502 2.660 1,083 1.1721.267 1.369 1.477 1.594 1.7181.851 1.9932.144 2.476 2.853 3.059 1.094 1.195 1.305 1.423 1551 1.689 1.838 1.999 2.172 2.3582.7733.252 3.518 1.105 1.219 1344 1.480 1.629 1.791 1.967 2.159 2.367 2 594 3.106 3.707 4.046 1.116 1.243 1.384 1.539 1.710 1898 2.105 2332 2.580 28533.479 4226 4652 1.127 1268 1.426 1.601 1.796 2.012 2.252 2518 2.813 3.138 3.896 4818 5350 1.138 1.294 1.469 1.665 1.886 2.1332.410 2.720 3.066 3.452 4363 5.492 6.153 1.149 1.319 1.513 1.732 1.980 2.261 2.579 2.937 3.342 3.798 4.887 62617.076 1.161 1.346 1.558 1.801 2.079 2.397 2.759 3.172 3.642 4.1775.474 7.138 8.137 1.173 1373 1.605 1873 2.183 2540 2.952 3.426 3.970 4.595 6.130 8.137 9.358 1.184 1.400 1.653 1.948 2.292 2.693 3.1593.700 4.328 5.0546.866 9.276 10.76 1 196 1 428 11 7022 026 12 417 2854 3 380 3996 | 4717 1 5 590 1 7 690 10 58 12 38 Future Value of Ordinary Annuity of $1 Periods 19 2% 3% 4% 5% 6% 7% 5% 9% 10% 12% 14% 15% Period 1 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 Period 2 2.010 2.020 2.030 2.040 2.050 2.060 2.070 2.080 2.090 2.100 2.120 2.140 2.150 Period 3 3.0303.060 3.091 3.122 3.153 3.1843.215 3.246 3.278 3.310 3 374 3.440 3.473 Period 4 4.060 4.122 4.18442464310 4.375 4.440 4.506 4573 4641 4.779 4.921 4.993 Period 5 5.101 52045.309 5.416 5.526 5.637 5.7515.867 5.985 6.105 6.353 6.610 6.742 Period 6 6.152 6.308 6.468 6.633 6.802 6.9757.153 73367.523 7.716 8.115 8.536 8.754 Period 7 7.214 7.434 7.6627.898 8.142 8.394 8.654 8.9239.2009.487 10.09 10.73 11.07 Period 8 8.286 8.5838.8929.214 9.549 9.897 10.260 10.64 11.03 11.44 12.30 13.23 13.73 Period 9 9.369 9.755 10.16 10.58 11.03 11.49 11.98 12.49 13.02 13.58 14.78 16.09 16.79 Period 10 10.46 10.95 11.46 12.01 | 12.58 13.18 13.82 14.49 15.1915.94 17.55 19.34 20.30 Period 11 11.57 12.17 12.81 13.491421 14.97 15.78 16.65 17.56 18.53 20.65 23.04 24,35 Period 12 12.68 13.41 14.19 15.03 15.92 16.87 17.89 18.98 20.14 21.38 24.13 2727 29.00 Period 13 13.81 14.68 15.62 16.63 17.71 18.88 20.14 21.50 22.95 24.52 28.03 32.09 3435 Period 14 14.95 15.97 17.09 18.29 | 19.60 21.02 2255 2421 26.02 27.98 32 393758 40.50 Period 15 16.10 17.29 18.60 20.02 21.58 23.28 25.13 27.15 29.3631.77 37.28 43.84 47.58 Period 16 17 26 18.64 20.16 21.8223.66 25.67 2789 30.32 33.00 35.95 42.75 50.98 55.72 Period 17 18.43 20.01 21.7623.70 25.84 28.21 30.84 33.75 36.97 40.54 48.88 59.12 65.08 Perind 18 19.61 21 41 1 23 41 l 25 65 28 13 3091 34 0 37 4541 30 45 60 55 75 68 397584