Gretchen 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). Gretchen believes she can invest her savings at 12% until she depletes her funds. ) (Click the icon to view Present Value of $1 table.) 3 (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 Gretchen need now to fund her travels? (Round your answer to the nearest whole dollar.) With the 12% interest rate, Gretchen needs $ Requirement 2. After speaking with a number of banks, Gretchen 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, Gretchen would need $ V to be able to If Gretchen's savings are earning a lower interest rate (4%), she will need to save withdraw $35,000 per year