Sandra

wants to take the next

six

years off work to travel around the world. She estimates her annual cash needs at

$32,000

(if she needs more, she will work odd jobs).

Sandra

believes she can invest her savings at

10%

until she depletes her funds.

LOADING...

(Click the icon to view Present Value of $1 table.)

LOADING...

(Click the icon to view Present Value of Ordinary Annuity of $1 table.)

LOADING...

(Click the icon to view Future Value of $1 table.)

LOADING...

(Click the icon to view Future Value of Ordinary Annuity of $1 table.)Read the requirements

LOADING...

.

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

Score: 0 of 1 pt 5 of 6 (5 complete) HW Score: 58.33%, 3.5 of 6 pts E26-22 (similar to) Question Help Sandra wants to take the next six years off work to travel around the world. She estimates her annual cash needs at $32,000 (if she needs more, she will work odd jobs). Sandra believes she can invest her savings at 10% 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 Sandra need now to fund her travels? (Round your answer to the nearest whole dollar.) With the 10% interest rate, Sandra needs x Requirements 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 6%. How much does she need now to fund her travels? Print Done