Carol wants to take the next Fourfour 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).Carol believes she can invest her savings at 88%until she depletes her funds. Requirement 1. How much money does Carol need now to fund her travels?( With the 8% interest rate, Carol needs $ Requirement 2. After speaking with a number of banks, Carol learns she will only be able to invest her funds at44%. How much does she need now to fund her travels? With a 4% interest rate, Carol would need $ savings are earning a lower interest rate (44%), she will need to save ( LESS OR MORE?) Carol's to be able to withdraw $29,000per year