Sharon wants to take the next four years off work to travel around the world. She estimates her annual cash needs at $33.000 if she needs more, she will work odd jobs). Sharon believes she can invest her savings at 12% until she depletes her funds. (Click the icon to view Present Value of $1 table) (Click the icon to view Future Value of $1 table) Read the requirements. (Click the icon to view Present Value of Ordinary Annuity of $1 table) (Click the icon to view Future Value of Ordinary Annuity of $1 table.) Requirement 1. How much money does Sharon need now to fund her travels? (Round your answer to the nearest whole dollar) With the 12% interest rate, Sharon needs Reference -X Periods 1% 2% 3% 4% Period 1 0.990 0.980 0.971 0.962 Period 2 0.980 0.961 0.943 0.925 Period 3 5% 6% 0.952 0.943 0.935 0.907 0.890 0.873 0.857 0.971 0.942 0.915 0.889 0.864 0.840 0.816 0.794 Period 4 0.961 0.924 0.888 0.855 0.823 0.792 0.763 0.735 Period 5 0.951 0.906 0.863 0.822 0.784 0.747 0.713 0.661 Present Value of $1 7% 8% 9% 10% 12% 14% 15% 10% 18% 20% 0.926 0.917 0.909 0.893 0.877 0.570 0.862 0.847 0.833 0.842 0.826 0.797 0.769 0.756 0.743 0.718 0.694 0.772 0.751 0.712 0.675 0.658 0.641 0.009 0.579 0.708 0.683 0.636 0.592 0.572 0.552 0.516 0.482 0.650 0.621 0.567 0.519 0.497 0.476 0.437 0.402 Period 6 0.942 0.888 0.837 0.790 0.746 0.705 0.866 0.630 Period 7 0.933 0.871 0.813 0.760 0.711 0.665 0.623 0.583 Period 8 0.923 0.853 0.789 0.731 0.677 0.627 0.582 0.540 Period 0.914 0.837 0.766 0.703 0.645 0.502 Period 10 0.905 0.820 0.744 0.676 0.614 0.544 0.500 0.558 0.508 0.596 0.564 0.507 0.456 0432 0410 0370 0.335 0.547 0.513 0.452 0.400 0.376 0354 0.314 0.279 0502 0.467 0.404 0.351 0.327 0.306 0.266 0.233 0.460 0.424 0.361 0.308 0.284 0.263 0.225 0.194 0,463 0.422 0.386 0.322 0.270 0.247 0.227 0.191 0.162 0.362 0.315 0.339 0.292 0.317 0.270 Period 11 0.890 0.804 0.722 0.650 0.585 0.527 0.475 0.429 0.388 0.350 0.287 0.237 0.215 0.195 0.162 0.135 Period 12 0.887 0.788 0.701 0.625 0.557 0.497 0.444 0.397 0.356 0.319 0.257 0.208 0.187 0.168 0.137 0.112 Period 13 0.879 0.773 0.681 0.601 0.530 0.489 0.415 0.368 0.326 0.290 0.229 0.182 0.163 0.145 0.116 0.093 Period 14 0.870 0.758 0.661 0.577 0.505 0.442 0.388 0.340 0.299 0.263 0.205 0.160 0.141 0.125 0.099 0.078 Period 15 0.861 0.743 0.642 0.555 0.481 0.417 0.275 0.239 0.183 0.140 0.123 0.108 0.084 0.065 Period 16 0.853 0.728 0.623 0.534 0.458 0.394 0.252 0.218 0.163 0.123 0.107 0.003 0.071 0.054 Period 17 0.844 0.714 0.605 0.513 0.436 0.371 0.231 0.198 0.146 0.108 0.093 0.080 0.060 0.045 Period 18 0.836 0.700 0.587 0.494 0.416 0.350 0.296 0.250 0.212 0.180 0.130 0.095 0.081 0.069 0.051 0.038 Period 19 0.828 0.686 0.570 0.475 0.396 0.331 0.277 0.232 0.194 0.164 0.116 0.083 0.070 0.060 0.043 0.031 Period 20 0.820 0.673 0.554 0.456 0.377 0.312 0.258 0.215 0.178 0.149 0.104 0.073 0.061 0.051 0.037 0.026 Period 21 08110660 0.538 0.439 0.359 0.294 0.242 0.199 0.164 0.135 0.083 0.064 0.053 0.044 0.031 0.022 Period 22 0.803 0.647 0.522 0.422 0.342 0.278 0.226 0.184 0.150 0.123 0.053 0.056 0.046 0.038 0.026 0.018 Period 23 0.795 0.634 0.507 0.406 0326 0.262 0.211 0.170 0.138 0.112 0.074 0.049 0.040 0.033 0.022 0.015 Period 24 0.788 0.622 0.492 0.390 0.310 0247 0.197 0.158 0.126 0.102 0.066 0.043 0.035 0.028 0.019 0.013 Period 25 0.780 0.610 0.478 0.375 0.295 0.233 0.184 0.146 0.116 0.002 0.059 0.038 0.030 0.024 0.016 0.010 Period 26 0.772 0.598 0.464 0.361 0.281 0220 0.172 0.135 0.106 0.064 0.053 0.033 0.028 0.021 0.014 0.009 Period 27 0.764 0.586 0.450 0.347 0.268 0.207 0.165 0.125 0.098 0.076 0.047 0.029 0.023 0.018 0.011 0.007 Get more help- 80 F3 a F4 54 95 Print Done F DII DD 8 F7 FB F9 4 5 45 < 6 &7 7 8 C F10 ( 9 ) 0 Present Value of $1 table.) 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 Annuity of $1 table.) ch my , S Requirements elp- 7 - X 1. How much money does Sharon need now to fund her travels? 2. After speaking with a number of banks, Sharon learns she will only be able to invest her funds at 6%. How much does she need now to fund her travels? a 01 F4 Print Done 10 A DII 8 A F5 F6 F7 F8 F9 FIC