Sharon wants to take the next

five years off work to travel around the world. She estimates her annual cash needs at $29,000

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

Sharon believes she can invest her savings at 10% until she depletes her funds.

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Requirements

1.	How much money does SharonSharon need now to fund her travels?
2.	After speaking with a number of banks, SharonSharon learns she will only be able to invest her funds at 66%. How much does she need now to fund her travels?

Requirement 1. How much money does

SharonSharon

need now to fund her travels? (Round your answer to the nearest whole dollar.)

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With the 10% interest rate, Sharon needs $

.