Angela wants to take the next six years off work to travel around the world. She estimates her annual cash needs at $29,000 (if she needs more, she will work odd jobs). Angcla believes she can invest her savings at 8% until she depletes her funds rCack t (Click the icon to view Present Value of Ordinary Annuity of $1 table) view Present Value of $1 table) Icon (Click the icon to view Future Value of Ordinary Annuity of $1 table.) E(Cick the icon to view Future Value of $1 table Read the requirements Requirement 1. How much money does Angela need now fund. r travels? (Round your answer to the nearest whole dollar.) With the 8% interest rate, Angela needs $ o invest her funds at 6%. How much does she need now to fund her travels?(Round your amswer Requirement 2. After speaking with a number of banks, Angela learms she will only be able othe riearest whole dollar. With a 6% interest rate, Angela would need $ to be able to withdraw $29,000 per year If Angela's savings are earning a lower interest rate (6 % ) she will need to save Reference Reference Present Value of $1 Present Value of Ordinary Annuity of $1 ericds 2% 5% 6% 7% 8% 9% | 10%| 12% 14 16%16% 1% 18% 20% nino n 970 0990 0.00 36 1.833 1000 2723 2.573 2.624 1628 805158 520 2.322 2283 2.24 0 842 0.028 17831759 2577 2.531 2487 0.981 0943 0925 0797 0789 0.990 0.907 0.890 0.973 0.857 0.758 0.743 718 970 1942 1913 1 A8 1.738 1.890 1847 2.174 .884010 0508 0.5rs 2.841 2884 2.829 2.775 2.402 2.108 .r80772 . s0e 0830.822 0.713 081 0 850 0821 U.66 0.6300.596 0.564 050 0456 0.432 4 212 4.100 4917 4.5 4623 448 5 786 5582 3 99a38903791 3805 3 352 3.274 127 2981 0784 0747 0.587 05190497 0.478 0437 0.410 03r0 0.951 0 402 4853 4713 4500 4 452 220 3423 0,888 083 U.ru 01460.r0 3.784 3.585 34883.325 4 160 4039 3812 305 5 601 5417 U.942 )335 5,/95 5.242 5076 4.355 4 11 3.889 498 4 288 002 F nT 4040 351 0.500 0460 .424 0361 0308 0463 0422 85 7.108|5.802.515 62475.855755.328 7 722 7300 7.024 6710 6 418 n 23 0.830.r66 .FU3 06450592 0820 0744 ... 0 502 0 327 0.2630,225 0227 0 191 4.772 4,80| 4.303 4031 5019 4833 4 494 4 192 n814 0.544 0.284 184 8.566 8.162 7,435 4.946 0 678 06140558 0380322 0270 8983 8530 5650 5216 10 0905 0 508 0 247 0 162 10 9471 8111 6145 203 are 0 187 0.145 0.116 n 887 0 112 624255836.342 4910 4 53 8.820 6.0025.721 5.460 5.000 4.611 0 881 0801 0.530 0489 0.415 0.388 0328 0 290 0229 0182 0.163 9 304 853a587904 7487 7103 9.295 0.745 211 705 357 12 134 11349 10 635 998 13.004 12106 11.29610.583 989 13 0.979 0773 0093 13 8424 14 0823 0.534 0450 0.394 U.844 0.714 0605 U.513 0.436 03/1 0 700 0587 0494 0416 0350 0290250 0212 01800 130 0095 008100051 0038 0.107 0.09 o.o71 U.317 02700.231 .198 0.146 0.108 .Ug3 0.080 0050 14.710 13 578 12.581 11.852 10 838 10.108 8.447 51 15.552 14.282 13.165 12.156 11.274 10.477 .763 9.122 B5448.022 7.120 16 39814213.754 12659 11.89010828 10059 9372 8758 201 7.250 6285 554 5.889 5.182|4730 6.37360475.749 5222475 6467128 5 818 5273 4812 0.339 0292 0.252 0.210 0.163 0.123 18 0.053 0.720 0.054 18 9.313 7824 17 0.045 17 18 0 838 15 215 18 04 16.351 14 R 13 620 12 42 1 5717011 15415 14 029 12 821 11 784 10 310017 292 19.660 17.680 15.937 14.151 1470 0 5 11251 n 820 C6730554 44 0377o 312 0.1780.149 0104 0gr30.051 0.051|0037 0.044 0031 0.048 0.030 0.028 0.018 0.258 20 6 B873125973 5394 8.359 6.011 5410 4909 0880 05380 439 0369|024 0.803 0.647 0522 0.422 0.312 0278 0 199 0 184 0135 009 0084 0.225 0.184 0.150 0.123 0.003 0.056 21 0.811 0242 0.053 0022 21 8649 7582 4 891 13.163 12.012 11.031 10201 442 8772 7.845 22 22 6.713 Print Done Print Done Reference Reference Future Value of $1 Future Value of Ordinary Annuity of $ Periods 1% 10 % 9 % 10%| 12N 1 000 2% 3% 4% 5% 6% 7% 8% 9% 12% 14% 15% Periods 1% 2% 3% 4% 5% 6% 7% 8% 14% 15% 1,050 1.120 1.140 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1000 1.000 1.000 1000 1.010 1.020 1.030 1.040 1060 1.070 1.080 1090 1.100 1.150 3 030 3 060a 091 4.122 4.184 3 122 3 153 3 134 3 215 4310 4375 3 248 1.295 1.331 3310 3374 3440 1.030 1,061 1.093 1.125 1158 1.191 1.225 1.260 1.405 1482 152 3 278 1128 1170 1218 1262 1311 1.104 1.159 1217 1.276 1.338 1.403 1041 1.082 1380 1412 1484 1,574 1 889 1749 4779 4.993 4.060 4246 4.440 4,506 4.573 4.641 4.921 1.051 1.539 1611 6.105 83536610 1.460 1.762 1.925 2.011 8742 5101 5 204 5.309 5416 5528 5837 5751 5 a87 5 985 6.152 6308 6.468 6.802 6975 7.153 7.336 6.633 7.523 8.115 8.536 8.754 f.1 1149 1230 1.172 1267 2164/071504 1600 040 221 2476 2.853 1072 9.89710.200 10.04 11.49 11.88 12.49 4 4. 1083 1.983 2.144 1.369 1.477 1.594 1.718 1.851 3059 13.73 8286 8.583 8.892 9214 9.549 11 03 12.30 13.23 1999 9.755 10.16 10.95 1146 1094 1.195 1305 1423 1551 1689 1.838 2.172 2.358 2773 3252 3518 1679 9.369 10.58 11.03 13.02 13.58 14.78 16.09 1.629 1791 1.967 1.344 1.480 2.367 2.504 12.58 13 18 13.82 14.49 1.105 1.219 2150 3.106 3.707 4.046 10 20.30 10 10.46 12.01 15.19 15.94 17.55 9.34 706 4818 2813 138 1.294 1469 1.865 1.888 2133 2.410 2720 3.066 3.452 1.513 1.732 1.980 2261 257929373.3423.798 12 81241 13 27 2729 00 24.52 28.03 3209 34.35 32.39 37 5 40 50 31.77 37.28 43.84 24.13 1426 101 15.03 15 02 1 127 2012 2252 2518 3 896 18.88 20.14 19.60 2102 22.55 24.21 21.58 23 28 25.13 13 1.138 4.383 5.492 8.153 13 13.81 14.68 15.62 16.63 17.71 21.50 22.95 4.8876261 5474 7.138 17.09 1829 28.02 27 90 14 95 14 15.97 1.558 1.801 2.079 2397 17 2.759 3.172 3642 1.346 8.137 15 16 15 16.10 17.29 18.60 20.02 27.15 20.3 47.58 2183 23.68 25 67 35 95 42.75 6 130 8.13 27.89 30.32 33.00 2.95 420 .300 16 17.26 18.64 20 16 21.82 50 98 5572 184 1702 2028 2407 1.754 2.107 2.527 1806 2.191 2653 3.380 39984717 5.142 6116 3 207 3.870 4681 5504 .727 25 65 19.81 21 41 2341 28 13 3091 3054 3376 3738 414548 02 18 1.196 1428 2854 5 580 7690 10 58 12 38 37.45 41.30 55 75 75 84 34 00 R 38 8613 12.06 51 168344 15 1208 1.457 3.026 3.617 4.316 14.23 19 2081 22 84 25 12 27 87 78 97 88 21 22.02 24.30 72.051.02 41.00 4576 1.220 1.488 9646 13.74 16.37 26.87 29.78 33.07 36.79 51.16 57.28 102.4 23 24 25r8 4983702 925 3604 6658140 12.10 17.86 1245 1546 4430 1.54 Done Print Print Done