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Homework: Chapter 26 Homework Graded Save Score: 0 of 2 pts 3 of 6 (2 complete) HW Score: 0%, 0 of 12 p E26-22 (similar
Homework: Chapter 26 Homework Graded Save Score: 0 of 2 pts 3 of 6 (2 complete) HW Score: 0%, 0 of 12 p E26-22 (similar to) s Question Help Sharon wants to take the next five years off work to travel around the world. She estimates her annual cash needs at $30,000 (if she needs more, she will work odd jobs). Sharon believes she can invest her savings at 12% until she depletes her funds. (Click the icon to view Present Value of $1 table.) (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 Sharon need now to fund her travels? (Round your answer to the nearest whole dollar.) With the 12% interest rate, Sharon needs Requirements 1. How much money does Sharon need now to fund her travels? 2. After speaking with a number of banks, Sharon learns she will only be able to invest her funds at 6%. How much does she need now to fund her travels? Print Done Enter any number in the edit fields and then click Check Answer. 2 parts remaining Clear All Check
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