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Reference Reference Reference Reference Brenda wants to take the next six years off work to travel around the world. She estimates her annual cash needs
Reference Reference Reference Reference Brenda wants to take the next six years off work to travel around the world. She estimates her annual cash needs at $30,000 (if she needs more, she'll work odd jobs). Brenda believes she can invest her savings at 6% until she depletes her funds. (Click the icon to view the present value annuity table.) (Click the icon to view the present value table.) (Click the icon to view the future value annuity table.) (Click the icon to view the future value table.) 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 4%. How much does she need now to fund her travels? Requirement 1. How much money does Brenda need now to fund her travels? Calculate how much money Brenda needs now to fund her travels. (Round your answers to the nearest whole dollar.) With the 6% interest rate, Brenda needs
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