Brenda wants to take the next five years of work to Vavel around the world. She estimates her annual cash needs $28.000 of she needs more she work odd jobs) Brenda believes she can invest her savings 0% unti she depletes her funds (Click the icon to view the present value annuity table) Ciok the icon w e present value table) Click the con to view the future value annuity table) Click the icon to view the future valuable) Requirements 1. How much money does Brenda need now to fund her travels? 2. After checking with a number of banks, Brenda learns she'll be able to invest her funds only at 6% How much does she need now to find her travels Calculate how much money Brenda needs now to fund her travels (Round your answers to the nearest whole dar) With the rest rate, Brenda needs 5 L Requirement 2. Ahor checking with a number of banks, Brenda lean she'll be able to invest her funds only at 6% How much does she need now to fund heravels? Calculate how much she needs to fund her travels if she odn't get the 8% interest rate she had originally planned Round your answers to the nearest whole dollar) With a 6% interest rate. Brenda would needs to be able to withdraw $29.000 per year if Brenda's savings w earing a lower intereste 16%), she'll need to save Enter any number in the edifieds and then continue to the next question ars off w i Reference Anda believe nt value a value and Periods da need n T of banks, Present Value of Annuity of $1 5% 6% 8% 10% 0.952 0.943 0.926 0.909 1.859 1.833 1.783 1.736 2.723 2.673 2.577 2.487 3.546 3.465 3.312 3.170 4.329 4.212 3.791 4.917 5.582 6.210 12% 14% 0.893 0.877 1.6901.647 2.402 2.322 3.037 2.914 3.605 3.433 16% 0.862 1.605 2.246 2.798 18% 0.847 1.566 2.174 2.690 3.127 20% 0.833 1.528 2.106 2.589 2.991 3.326 3.605 3.837 4.031 4.192 a needs noy 5.076 3.685 1% 2% 3% 4% 0.990 0.980 0.971 0.962 1.970 1.942 1.9131.886 2.941 2.884 2.829 2.775 3.902 3.808 3.717 3.630 4.853 4.713 4.580 4.452 5.795 5.601 5.417 5.242 6.728 6.472 6.230 6.002 7.652 7.325 7.020 6.733 8.566 8.162 7.786 7.435 9.4718.983 8.530 8.111 10.368 9.787 9.253 11.255 10.575 9.954 9.385 12.134 11.348 10.635 9.986 13.004 12.106 11.296 13.865 12.849 11.938 needs $ on och AA 4.039 4.344 Hith a number coco fund her tra 8.780 would need $ NAN LOGO 28 11.118 a lower interes ields and then Print Done 9 of 112 complete) Reference Periods 12% 14% 1.000 2.140 3.440 1% 1.000 2.010 3.030 4.060 5.101 6.152 7.214 8.286 9.369 10.462 11.567 12.683 13.809 14.947 16.097 2% 1.000 2.020 3.060 4.122 5.204 6.308 7.434 8.583 9.755 10.950 12.169 13.412 14.680 15.974 17.293 3% 1.000 2.030 3.091 4.184 5.309 6.468 7.662 8.892 10.159 11.464 12 BOB 14.192 15.618 17.086 18.599 4% 1.000 2.040 3.122 4.246 5.416 6.6331 7.898 9.214 10.583 12.006 13.486 15.026 16.627 18 292 20.024 Future Value of Annuity of $1 5% 6% 8% | 10% 1.000 1.000 1.000 1.000 2.050 2.060 2.080 2.100 3.153 3.184 3.246 3.310 4.310 4.375 4.506 4.641 5.526 5,637 5.867 6.105 6.802 6.975 7.336 7.716 8.142 8.394 8.923 9.487 9.549 9.897 10.637 11.436 11.027 11.491 12.488 13.579 12578 13.181 14.487 15.937 14.207 14.972 16.645 18531 15.917 16.870 18.977 21.384 17.713 18.882 21495 19.599 21.015 24 215 21579 23.276 27.152 1.000 2.120 3.374 4.779 6.353 8.119 10.069 12.300 14.776 17.549 20.655 24.133 28.029 32.393 37.280 4.921 6.610 8.536 10.730 13.233 16.085 19.337 23.045 27.271 32.089 37.581 43.842 16% 1.000 2.160 3.506 5.066 6.877 8.977 11.414 14.240 17.519 21.321 25.733 30.850 36.786 18% 1.000 2.180 3.572 5.215 7.154 9.442 12.142 15.327 19.086 20% 1.000 2.200 3.640 5.368 7.442 9.930 12.916 16.499 20.799 25.959 32.150 39.581 48.497 59.196 72.035 23.521 34.931 42219 50.818 60.965 43.672 51.660 Print Done 459 ED BOOSOFT W -- i Reference off w Anda belie alue a ue and need n banks, Beds no Periods 1% 2% 3% 1 0 .990 0.980 0.971 2 0.9800.961 0.943 3 0.971 0.942 0.915 10.961 0.924 0.888 0.951 0.906 0.863 0.942 0.888 0.837 0.933 0.871 0.813 8 0.923 0.853 0.789 0.914 0.837 0.766 0.905 0.820 0.744 0.896 0.8040.722 0.887 0.788 0.701 0.879 0.773 0.681 0.870 0.758 0.661 0.861 0.743 0.642 eds $ 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 Present Value of $1 5% 6% 8% 10% 12% 0.952 0.943 0.926 0.9090.893 0.907 0.890 0.857 0.826 0.797 0.864 0.840 0.794 0.751 0.712 0.823 0.792 0.735 0.6830.636 0.784 0.747 0.681 0.621 0.567 0.746 0.705 0.630 0.564 0.507 0.711 0.665 0.583 0.513 0.452 0.677 0.627 0.540 0.467 0.404 0.645 0.592 0.500 0.424 0.361 0.463 0.322 0.429 0.350 0.397 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 16% 18% 20% 0.862 0.847 0.833 0.743 0.7180.694 0.641 0.609 0.579 0.552 0.516 0.482 0.476 0.437 0.402 0.410 0.370 0.335 0.354 0.3140.279 0.305 0.266 0.233 0.263 0.225 0.194 0.227 0.191 0.162 0.195 0.162 0.135 0.168 0.137 0.112 0.145 0.116 0.093 0.125 0.099 0.078 0.108 0.084 0.065 0.386 a number nd her tra oOOOOO uld need 0.368 0.290 0.315 0340 0.239 012 ower interes as and then Print Done 459 9 of 11 (2 complete) i Reference Future Value of $1 Periods 2% 4% 8% 10% 1.040 1.080 1040 5% 1.050 1.103 1.158 1.020 1.061 UN 1.166 6% 1.060 1.124 1.191 1262 1338 1.419 1.331 1.464 16% 18% 1.1601.180 1.346 1.392 1.561 1.643 1.811 1.939 2.100 2288 1.200 1.440 1.728 2.074 2.488 1.611 1% 1.010 1.020 1.030 1.041 1.051 1.062 1.072 1.083 1.094 1.105 1.116 1.127 1.138 1.149 1.161 1.082 1.125 1.170 1.217 1.265 1.316 1.369 1.423 1.480 1.772 3% 1.030 1.061 1.093 1.126 1.159 1.194 1.230 1.267 1.305 1.344 1.384 1.426 1.469 1.513 1.558 1.260 1.360 1.469 1.587 1.714 1.851 1.999 2.159 1.082 1.104 1.126 1.149 1.172 1.195 1.219 1.243 1.268 1.294 1.319 1 346 1949 2.144 2.358 2.436 2.826 3.278 3.803 4.411 2.59 3252 3.707 BODO 2.700 3.185 3.759 4.435 5.234 6.176 7.288 8.599 10.147 11.974 2.966 3.583 4.300 5.160 6.192 7.430 8.916 10.699 12.839 2312 1.539 1.601 NNNN 1.665 1.732 1.801 4226 5.117 4.818 5.936 5.492 6.886 6.2617 968 7.138 9.266 15.407 1 Done