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Angela wants to take the next six years off work to travel around the world. She estimates her annual cash needs at $35,000 (if she
Angela wants to take the next six years off work to travel around the world. She estimates her annual cash needs at $35,000 (if she needs more, she will work odd jobs). Angela believes she can invest her davings at 10% until she depletes her funds. (Click the icon to view Present Value of $1 table.) (Click the icon to view Future Value of $1 table.) Read the requirements. (Click the icon to view Present Value of Ordinary Annuity of $1 table.) (Click the icon to view Future Value of Ordinary Annuity of $1 table.) 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
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