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Martha wants o take the next four years off work to travel around the world. She esim ates her annua cash needs at S32,000 her
Martha wants o take the next four years off work to travel around the world. She esim ates her annua cash needs at S32,000 her funds. if she needs more, she will work odd jobs Martha be leves she can n est her savings at 10% until she depletes (Click the icon to view Present Value of Orina Click the icon to view Present Value of $1 table.) Click the icon to view Future Value of $1 table.) Annuity of SI table (Click the con to view Future Value of Ordinary Annuity of $1 table Read the recuirements Requirement 1. How much money does Martha need now to fund her travels? (Round your answer to the nearest whole dollar.) with the 10% interest rate. Martha needs $ Requirement 2 After speaking with a number of banks. Martha 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, Martha would need S Requirements If Martha's savings are earning a lower interest rate (4%, she will need to save | | to be able to withdraw $32.000 per year. 1. How much money does Martha need now to fund her travelst? 2. After speaking with number of banks, Martha learns she will only be able to invest her funds at 4%, How much does she need now to fund her travels? Print Done Enter any number in the edit fields and then continue to the next
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