Angela wants to take the next five years off work to travel around the world. She estimates her annual cash needs at $30,000 (if she needs more, she will work odd jobs). Angela believes she can invest her savings at 10% until she depletes her funds. (Click the icon to view Present Value of $1 table.) (Click the icon to view Present Value of Ordinary Annuity of $1 table.) (Click the icon to view Future Value of $1 table.) (Click the icon to view Future Value of Ordinary Annuity of $1 table.) Read the requirements Requirement 1. How much money does Angela need now to fund her travels? (Round your answer to the nearest whole dollar.) With the 10% interest rate, Angela needs $ Requirement 2. After speaking with a number of banks, Angela learns she will only be able to invest her funds at 4%. How much does she need now to fund her travels? (Round your answer to the nearest whole dollar.) With a 4% interest rate, Angela would need $ If Angela's savings are earning a lower interest rate (4%), she will need to save to be able to withdraw $30,000 per year. Present Value of $1 ad Periods 1% 0.990 0.980 0.971 0.961 0.951 2 3 4 5 5% 0.952 0.907 0.864 qui 6% 0.943 0.890 0.840 0.792 0.747 2% 0.980 0.961 0.942 0.924 0.906 0.888 0.871 0.853 0.837 0.820 7% 0.935 0.873 0.816 0.763 0.713 9% 0.917 0.842 0.772 0.708 0.650 10% 0.909 0.826 0.751 0.683 0.621 8% 0.926 0.857 0.794 0.735 0.681 0.630 0.583 0.540 0.500 0.463 12% 0.893 0.797 0.712 0.636 0.567 0.823 16% 0.862 0.743 0.641 0.552 0.476 cht 18% 0.847 0.718 0.609 0.516 0437 15% 0.870 0.756 0.658 0.572 0.497 0.432 0.376 0.327 0.284 0.247 6 7 8 9 10 qui tra 0.942 0.933 0.923 0.914 0.905 4% 0.962 0.925 0.889 0.855 0.822 0.790 0.760 0.731 0.703 0.676 0.650 0.625 0.601 0.577 0.555 0.534 0.513 0.494 0.475 0.456 20% 0.833 0.694 0.579 0.482 0.402 0.335 0.279 0.233 0.194 0.162 jun 3% 0.971 0.943 0.915 0.888 0.863 0.837 0.813 0.789 0.766 0.744 0.722 0.701 0.681 0.661 0.642 0.623 0.605 0.587 0.570 0.554 0.538 0.705 0.665 0.627 0.592 0.558 0.666 0.623 0.582 0.544 0.508 0.507 0.452 0.404 0.361 0.322 th 0.410 0.354 0.305 0.263 0.227 14% 0.877 0.769 0.675 0.592 0.519 0.456 0.400 0.351 0.308 0.270 0.237 0.208 0.182 0.160 0.140 0.123 0.108 0.095 0.083 0.073 11 12 13 14 15 ng 0.804 0.788 0.773 0.758 0.743 0.784 0.746 0.711 0.677 0.645 0.614 0.585 0.557 0.530 0.505 0.481 0.458 0.436 0.416 0.396 0.377 0.359 0.370 0.314 0.266 0.225 0.191 0.162 0.137 0.116 0.099 0.084 0.896 0.887 0.879 0.870 0.861 0.853 0.844 0.836 0.828 0.820 0.811 0.596 0.547 0.502 0.460 0.422 0.388 0.356 0.326 0.299 0.275 0.252 0.231 0.212 0.194 0.178 0.164 0.564 0.513 0.467 0.424 0.386 0.350 0.319 0.290 0.263 0.239 0.218 0.198 0.180 0.164 0.149 0.135 0.135 0.112 0.093 0.078 0.065 16 17 18 19 20 0.527 0.497 0.469 0.442 0.417 0.394 0.371 0.350 0.331 0.312 0.294 0.475 0.444 0.415 0.388 0.362 0.339 0.317 0.296 0.277 0.258 0.242 0.728 0.714 0.700 0.686 0.673 0.660 0.429 0.397 0.368 0.340 0.315 0.292 0.270 0.250 0232 0.215 0.199 0.287 0.257 0.229 0.205 0.183 0.163 0.146 0.130 0.116 0.104 0.093 0.215 0.187 0.163 0.141 0.123 0.107 0.093 0.081 0.070 0.061 0.053 0.195 0.168 0.145 0.125 0.108 0.093 0.080 0.069 0.060 0.051 0.071 0.060 0.051 0.043 0.037 0.054 0.045 0.038 0.031 0.026 0.022 21 0.439 0.064 0.044 0.031 era Print Done Periods 1 2 3 4 5 1% 1.010 1.020 1.030 1.041 1.051 2% 1.020 1.040 1.061 1.082 1.104 3% 1.030 1.061 1.693 1.126 1.159 4% 1.040 1.082 1.125 1.170 1.217 5% 1.050 1.103 1.158 1.216 1.276 Future Value of $1 6% 7% 1.060 1.070 1.124 1.145 1.191 1.225 1.262 1.311 1.338 1.403 8% 1.080 1.166 1.260 1.360 1.469 9% 1.090 1.188 1.295 1.412 1.539 10% 1.100 1.210 1.331 1.464 1.611 1.772 1.949 2.144 2.358 2.594 12% 1.120 1.254 1.405 1.574 1.762 14% 1.140 1.300 1.482 1.689 1.925 15% 1.150 1.323 1.521 1.749 2.011 6 7 8 9 10 1.194 1.230 1.267 1.305 1.344 1.265 1.316 1.369 1.423 1.480 1.340 1.407 1.477 1.551 1.629 1.419 1.504 1.594 1.689 1.791 1.587 1.714 1.851 1.999 2.159 1.062 1.072 1.083 1.094 1.105 1.116 1.127 1.138 1.149 1.161 1.677 1.828 1.993 2.172 2.367 1.126 1.149 1.172 1.195 1.219 1.243 1.268 1.294 1.319 1.346 1.974 2.211 2476 2.773 3.106 2.195 2.502 2.853 3.252 3.707 1.501 1.606 1.718 1.838 1.967 2.105 2.252 2.410 2.579 2.759 11 12 13 14 15 1.384 1.426 1.469 1.513 1.558 2.313 2.660 3.059 3.518 4.046 4.652 5.350 6.153 7.076 8.137 1.539 1.601 1.665 1.732 1.801 1.710 1.796 1.886 1.980 2.079 1.898 2.012 2.133 2.261 2.397 2.332 2.518 2.720 2.937 3.172 2.580 2.813 3.066 3.342 3.642 2.853 3.138 3.452 3.798 4.177 3.479 3.896 4.363 4.887 5.474 4.226 4.818 5.492 6.261 7.138 16 17 18 19 20 1.173 1.184 1.196 1.208 1.220 1.373 1.400 1.428 1.457 1.486 1.605 1.653 1.702 1.754 1.806 1.873 1.948 2.026 2.107 2.191 2.183 2.292 2.407 2.527 2.653 2.540 2.693 2.854 3.026 3.207 2.952 3.159 3.380 3.617 3.870 3.426 3.700 3.996 4.316 4.661 3.970 4.328 4.717 5.142 5.604 4.595 5.054 5.560 6.116 6.727 6.130 6.866 7.690 8,613 9.646 8.137 9.276 10.58 12.06 13.74 9.358 10.76 12.38 14.23 16.37 18.82 21 1.232 1.516 1.860 2.279 2.786 3.400 4.141 5.034 6.109 7.400 10.80 15.67 Print Done Periods 2 w 14% 0.877 1.647 2.322 2.914 3.433 15% 0.870 1.626 2.283 2855 3.352 16% 0.862 1.605 2.246 2.798 3.274 4 5 6 7 Present Value of Ordinary Annuity of $1 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 12% 0.990 0.980 0.971 0.962 0.952 0.943 0.935 0.926 0.917 0.909 0.893 1.970 1.942 1.913 1.886 1.859 1.833 1.808 1.783 1.759 1,736 1.690 2.941 2.884 2.829 2.775 2.723 2.673 2.624 2.577 2.531 2.487 2.402 3.902 3.808 3.717 3.630 3.546 3.465 3.387 3.312 3.240 3.170 3.037 4.853 4.713 4.580 4.452 4.329 4212 4.100 3.993 3.890 3.791 3.605 5.795 5.601 5.417 5.242 5.076 4.917 4.767 4.623 4.486 4.355 4.111 6.728 6.472 6.230 6.002 5.582 5.389 5.206 5.033 4.868 4.564 7.652 7.325 7.020 6.733 6.463 6.210 5.971 5.747 5.535 5.335 4.968 8.566 8.162 7.786 7.435 7.108 6.802 6.515 6.247 5.995 5.759 5.328 9.471 8.983 8.530 8.111 7.722 7.360 7.024 6.710 6.418 6.145 5.650 10.368 9.787 9.253 8.760 8.306 7.887 7.499 7.139 6.805 6.495 5.938 11.255 10.575 9.954 9.385 8.863 8.384 7.943 7.536 7.161 6.814 6.194 12.134 11.348 10.635 9.986 9.394 8.853 8.358 7.904 7.487 7.103 6.424 13.004 12.106 11.296 10.563 9.899 9.295 8.745 8.244 7.786 7.367 6.628 13.865 12.849 11.938 11.11810.380 9.712 9.108 8.5598.061 7.606 6.811 14.718 13.578 12.561 11.652 10.838 10.106 9.447 8.851 8.313 7.824 6.974 15.562 14.292 13.166 12.166 11.274 10.4779.763 9.122 8.544 8,022 7.120 16.398 14.992 13.754 12.659 11.690 10.828 10.059 9.372 8.756 8.201 7.250 17.226 15.678 14.324 13.134 12.085 11.158 10.336 9.604 8.950 8.365 7.366 18.046 16.351 14.877 13.590 12.462 11.470 10.5949.818 9.129 8.5147.469 18.857 17.011 15.415 14.029 12.821 11.764 10.836 10.017 9.292 7.562 18% 0.847 1.566 2.174 2.690 3.127 3.498 3.812 4.078 4.303 4.494 20% 0.833 1.528 2.106 2.589 2.991 3.326 3.605 3.837 4.031 4.192 9 10 3.889 4 288 4.639 4.946 5.216 11 12 13 14 15 5.453 5.660 5.842 6.002 6.142 3.784 4.160 4.487 4.772 5.019 5.234 5.421 5.583 5.724 5.847 5.954 6.047 6.128 6.198 6.259 3.685 4.039 4.344 4.607 4.833 5.029 5.197 5.342 5.468 5.575 5.669 5.749 5.818 5.877 5.929 5.973 4.327 4.439 4.533 4611 4.675 16 17 18 19 20 6.265 6.373 6.467 6.550 6.623 6.687 4.656 4.793 4.910 5.008 5.092 5.162 5.222 5.273 5.316 5.353 5.384 4.730 4.775 4.812 4.844 4.870 21 8.649 6.312 4.891 Print Done Periods 1 2 3 4 1% 1.000 2.010 3.030 4.060 5.101 2% 1.000 2.020 3.060 4.122 5.204 3% 1.000 2.030 3.091 4.184 5.309 6.468 7.662 8.892 10.16 11.46 10% 1.000 2.100 3.310 4.641 6.105 12% 1.000 2.120 3.374 4.779 6.353 14% 1.000 2.140 3.440 4.921 6.610 6 6 7 6.152 7.214 8.286 9.369 10.46 6.308 7.434 8.583 9.755 10.95 Future Value of Ordinary Annuity of $1 4% 5% 6% 7% 8% 9% 1.000 1.000 1.000 1.000 1.000 1.000 2.040 2.050 2.060 2.070 2.080 2.090 3.122 3.153 3.184 3.215 3.246 3.278 4.246 4.310 4.375 4.440 4.506 4.573 5.416 5.526 5.637 5.751 5.867 5.985 6.633 6.802 6.975 7.153 7.336 7.523 7.898 8.142 8.394 8.654 8.923 9.200 9.214 9.549 9.897 10.260 10.64 11.03 10.58 11.03 11.49 11.98 12.49 13.02 12.01 12.58 13.18 13.82 14.49 15.19 13.49 14.21 14.97 15.78 16.65 17.56 15.03 15.92 16.87 17.89 18.98 20.14 16.63 17.71 18.88 20.14 21.50 22.95 18.29 19.60 21.02 22.55 24.21 26.02 20.02 21.58 23.28 25.13 27.15 29.36 21.82 23.66 25.67 27.89 30.32 33.00 23.70 25.84 28.21 30.84 33.75 36.97 25.65 28.13 30.91 34.00 37.45 41.30 27.67 30.54 33.76 37.38 41.45 46.02 29.78 33.07 36.79 41.00 45.76 51.16 31.97 35.72 39.99 44.87 50.42 56.76 7.716 9.487 11.44 13.58 15.94 8.115 10.09 12.30 14.78 17.55 8.536 10.73 13.23 16.09 19.34 15% 1.000 2.150 3.473 4.993 6.742 8.754 11.07 13.73 16.79 20.30 24.35 29.00 34.35 40.50 47.58 9 10 11 12 13 14 15 11.57 12.68 13.81 14.95 16.10 12.17 13.41 14.68 15.97 17.29 12.81 14.19 15.62 17.09 18.60 18.53 21.38 24.52 27.98 31.77 20.65 24.13 28.03 32.39 37.28 23.04 27.27 32.09 37.58 43.84 16 17 18 19 20 17.26 18.43 19.61 20.81 22.02 18.64 20.01 21.41 22.84 24.30 20.16 21.76 23.41 25.12 26.87 35.95 40.54 45.60 51.16 57.28 42.75 48.88 55.75 63.44 72.05 50.98 59.12 68.39 78.97 91.02 55.72 65.08 75.84 88.21 102.4 21 23.24 25.78 28.68 64.00 81.70 104.8 118.8 now to fund bar travele2 Pound our ancor to the nearest wbalo dalla.) gel Requirements ed chc 1. How much money does Angela need now to fund her travels? 2. After speaking with a number of banks, Angela learns she will only be able to invest her funds at 4%. How much does she need now to fund her travels? a r. Print Done