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Sarah wants to take the next four years off work to travel around the worid. She estimates her annual cash needs at $34.000 f she

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Sarah wants to take the next four years off work to travel around the worid. She estimates her annual cash needs at $34.000 f she needs more, she will work odd jobe) Sarah believes she can invest her savings at % untl she depletes her funds. (Click the loon to view Present Value of S1 table.) (Click the kcon to view Future 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 Ordinary Arnuty of S1 table) Read the requrements Requirement 1. How much money does arah need now to fund her traveis? (Round your anewer to the nearest whole dollar) With the interest rate, Barah needs $ Requirement 2 After speaking with a number of banks, Sarah leams she will only be able to invest her funds at 4% How much odes she need now to fund her travels? (Round your anwer to the nearest whole dola) With a 4% interest rate, Sarah would need S Sarah's savings are eaming a lower interest rate (4%), she will need to save to be abie to withdraw $34,000 per year to be able to withdraw $34,000 per year. If Sarah's savings are earning a lower interest rate (4%), she will need to save less more

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