Sandra wants to take the next six years of work to travel around the world. She estimates her annual cash needs at 526,000 (if she needs more, she will work odd jobs) Sandra believes she can invest her savings at 10% until she deplotes her funds. (Click the icon to view Present Value of $1 table) (Click the icon to view Present Value of Ordinary Annuity of 51 table) (Click the icon to view Future Value of 51 table.) Click the icon to view Future Value of Ordinary Annuity of $1 table.) Read the requirements Requirement 1. How much money does Sandra need now to fund her travels? (Round your answer to the nearest whole dollar) With the 10% interest rate, Sandra needs - X Reference rence Present Value of $1 Periods 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 12% 14% 15% 16% 18% 20% Period 1 0.990 0.980 0.971 0.962 0.952 0.943 0935 0.926 0.917 0.9090.893 0.877 0.870 0.862 0.847 0.833 Period 2 0.980 0961 0.943 0.925 0.9070.890 0.873 0.857 0.842 0.826 0.797 0.769 0.756 0.743 0.7180.694 Period 3 0.971 0.942 0.915 0.889 0.864 0.840 0.816 0.794 0.772 0.751 0.712 0.675 0.658 0.641 0.609 0.579 Period 4 0961 0.924 0.8880855 0.823 0.792 0.763 0.735 0.708 0.683 0.636 0.592 0.572 0.5520516 0.482 Period 5 0.951 0.906 0.863 0.822 0.784 0.747 0.713 0.681 0.6500621 0.567 05190.497 0.476 0.4370.402 Period 6 0.942 0.888 0.837 0.790 0.746 0.705 0.666 0.630 0.596 0.5640.5070456 0.432 0.410 0.370 0.335 Period 7 0.933 0.871 0.813 0.750 0.711 0.665 0.623 0.583 0.547 0.513 0.462 0.400 0.376 0.3540.3140 279 Period & 0.923 0.853 0.789 0.731 0.677 0.627 0.582 0.540 0.502 0.467 0.4040 351 0.327 0.305 0 266 0233 Period 9 0.914 0.8370.766 0.703 0.6450.5920 544 0.500 0.460 0.424 0.361 0 308 0.2840263 0.225 0.194 Period 10 0.905 0.820 0.744 0.676 0614 0.558 0.500 0.46304220.386 0.322 0.270 0.2470 227 0.19 0.162 Period 11 0.896 0.804 0.7220 650 0.585 05270475 0.4290388 0.350 0.287 0.237 0215 0.195 0.162 0.135 Period 12 0.887 0.788 0.701 0.025 0.5570.497 0.444 0.397 0.356 0.3190 2570 208 0.1870 1680.1370 112 Period 13 0.879 0.773 0681 0.601 0.530 0.469 0415 0.368 0 326 0.290 0.229 0.182 0.163 0.145 0.116 0.093 Period 14 0 870 0 758 0.651 0.577 0.505 0.442 0.388 0.340 0.299 0.263 0.205 0.1600.141 0.125 0099 | 0.078 Period 15 0.861 0743 0.642 0.555 0.481 0.417 0.352 0.315 0.275 0.239 0.183 0.140 0.123 0.108 0.084 0.065 Print Done - Reference 2% Periods Period 1 Period 2 Period 3 Period 4 Period 5 1 Period 6 Period 7 Period 8 Period 9 Period 10 Future Value of $1 1% 3% 4% 5% 6% 7% 8% 9% 10% 12% 14% 15% 1.010 1.020 1,030 1040 1.050 1.060 1.070 1.000 1.090 1.100 1.120 1.140 1.150 1.020 1.040 1061 1.082 1.103 1.1241.145 1.166 1.188 1.210 1.254 1.300 1.323 1.030 1.061 1.0931.125 1.158 1.191 1225 1.260 1.295 1.331 1.405 1.482 1521 1.041 1.082 1.126 1.170 1.216 1.262 | 1311 1.360 1.412 1.464 1.574 1.689 1.749 1051 1.104 1.159 | 1.217 1276 1.338 1403 1.469 1.539 1.611 1.762 1.925 2011 1062 1.126 1.194 1265 1340 1.419 1.501 1587 1.6771.772 1.974 2.195 2313 1.072 1 149 1230 13161407 1504 1606 1.7141828 1949 2211 2502 2660 1.083 1.172 1.267 1369 1477 1694 1718 1.851 1.99321442476 28533059 1.094 1195 1.305 1.423 1.551 1.889 1838 1.9992172 2358 27733252 3.518 1.105 1.219 1 3441480162917911 967 2.159 2367 2694 3.106 3.7074046 1.116 1 243 13841539 1.7101898 2.105 2332 2580 2853 3.479 42284652 1.127 1268 1.4261,601 1.796 2012 2.252 2518 2813 3.138 3.896 4 818 5350 1.138 1 294 1 469 1.665 1.886 2133 2410 2720 3.066 3.452 4363 5.492 6.153 1149 1319 15131732 1980 2261 267929373.342 3.798 4.8876.2617076 1 161 1.346 1.558 1.801207923972.759 3.1723 642 4.177 5.47471388.137 Period 11 Period 12 Period 13 Period 14 Period 15 Print Done um Reference 12% Present Value of Ordinary Annuity of $1 Periods 195 29 3% 4% 5% 6% 7% 8% 9% 10% 14% 15% 16% 18% 20% Period 1 0.990 0.980 0.971 0.962 0.9520.943 0.935 0.92 0.917 0.909 0.893 0.877 0.870 0.852 0.847 0.833 Period 2 1.970 1.942 1913 1.886 1859 1833 1808 1783 1759 1736 1.6901.647 1.626 1 605 1.566 1528 Period 3 2.9412.884 2829 2.775 2723 2.673 2.624 2.677 2 531 2487 2402 23222283 2246 2.174 2106 Period 4 3.902 3.808 3.717 3.630 3.546 3.465 3.387 3.3123240 3.170 3.037 291428552798 2.690 2.589 Period 5 4853 4.713 4.580 4.452 4 329 4212 4.100 3.9933.890 3.791 3.605 3.433 3.362 3274 3.127 2.991 Period 6 5.795 5.601 5.417 5.242 6.07649174767 4623 4486 4355 4 111 3.889 3.784 3.685 3.498 3.325 Period 7 6.728 5.472 6.2306.002 5.786 5.5825.389 5.2065 033 48684.564 4.289 4.160 4 039 3.812 3.605 Period 8 7.652 7 325 7.020 6.733 6 463 | 6.210 5.971 5.747 6.535 5.335 4.968 4.6394487 4344 4.0783.837 Period 9 8,566 8. 162 7.786 7.4357108 6.802 6515 6.247 5.995 5.759 5.328 4.946 4.772 4.8074 303 4.031 Period 10 9.471 8.983 8.530 8. 1117.722 7 3607,024 6.710 6.418 6.14556505216 5.019 4.833 4.4944 192 Period 11 103689787 9253 8.760 8.3067.887 7499 7.139 6 805 6.495 5.938 5453 5.234 5029 4656 4.327 Period 12 11 255 10.675 9 954 93858 86383847 943 75367.161 6814 6. 1945.660 5.421 5.1974.793 4439 Period 13 12 134 11 348 10 635 9.986 9,394 8.853 8 358 7.90474877 103 6.4245,842 5583 5.3424.910 4533 Period 14 13.004 12 106 11.296 10.563 9.899 9.295 8 745 8.244 77857.3676.628 6.0025724 5468 5.0084611 Period 15 13.865 12 849 11.938 11.118 10 3809712 9.1088.569 8.0617606 6.811 6.142 5.847 5.575 50924675 Print Done Reference Periods Period 1 Period 2 Period 3 Period 4 Period 5 Period 6 Period 7 Period 8 Period 9 Period 10 Period 11 Period 12 Period 13 Period 14 Period 15 Future Value of Ordinary Annuity of $1 1% 2% 3% 5% 6% 7% 8% 9% 10% 12% 14% 15% 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 2010 2020 2030 2040 2050 2060 2070 2.080 2090 2100 2120 2140 2150 3.030 3.0603.091 3.122 3.153 3.184 3.215 3.246 3 278 3.310 3.374 3.440 3.473 4,0604.122 4.1844.2464.310 4375 4.440 4.506 4573 4641 4.77949214993 6.101 5.204 5.309 5.416 5.526 5.6375.751 58675,985 6.1056,353 6.610 6.742 6.152 6.308 6.468 6.633 6.8026.975 7.153 7.3367.523 7.7168.115 8.536 8.754 72147.4347.6627.8988 142 8.394 8654 8.9239.2009.487 10.09 10.73 11.07 8.286 8.583 8.892921495499.897 10260 10.6411.03 11.44 12.30 13.23 13.73 9.369 9.755 10.16 10.5811 03 11.49 11.98 1249 13.02 13.58 14.78 16.09 16.79 10.46 10.9511.46 1201 1258 13.18 13.82 14.49.15.1915.94 1755 19.34 20 30 11.57 12.17 12.81 13.49 14 21 14.97 15.78 16,65 1756 1853 20.65 23.04 24 35 128813.41 14 19 15.03 1592 16.87 17 89 18.98 20.14 21 38 24 13 27 2729.00 13.81 14 68 15.62 16 63 1771 18.88 20:14 2150229524 52 28.03 3209 34 35 14.95 15.97 17.0918.29 19.6021.02 22.55 24 21 28.02 27.98 32 39 37 58 40 60 16.10 17.29 18.60 20 02 2158 23.28 25 13 27 15 29.36317737 28 43 844758 am Print Done itu Requirements nd 1. How much money does Sandra need now to fund her travels? 2. After speaking with a number of banks, Sandra learns she will only be able to invest her funds at 4% How much does she need now to fund her travels? ca Print Done