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Sarah 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

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Sarah 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). Sarah believes she can invest her savings at 8% 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 Sarah need now to fund her travels? (Round your answer to the nearest whole dollar.) With the 8% interest rate, Sarah needs Requirements 1. How much money does Sarah need now to fund her travels? 2. After speaking with alnumber of banks, Sarah learns she will only be able to invest her funds at 4%. How much does she need now to fund her travels? Reference Reference Present Value of Ordinary Annuity of $1 Reference

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