Sylvia 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). Sylvia believes she can invest her savings at 10% until she depletes her funds. 2 (Click the icon to view Present Value of $1 table.) 6 (Click the icon to view Present Value of Ordinary Annuity of $1 table.) (Click the icon to view Future Value of $1 table.) 6 (Click the icon to view Future Value of Ordinary Annuity of $1 table.) Read the requirements. Requirement 1. How much money does Sylvia need now to fund her travels? (Round your answer to the nearest whole dollar.) With the 10% interest rate, Sylvia needs $ L 104610- Requirement 2. After speaking with a number of banks, Sylvia learns she will only be able to invest her funds at 4%. How much does she need now to fund her travels? (Round your answer to the nearest whole dollar.) With a 4% interest rate, Sylvia would need $ If Sylvia's savings are earning a lower interest rate (4%), she will need to save more to be able to withdraw $33,000 per year. Present Value of $1 Periods 1% 2% 3% 4% 5% 6% 7% 8% 9% | 10% | 12% | 14% | 15% | 16% | 18% | 20% 10.99010.98010.9710.962|0.9520.9430.935|0.9260.91710.9090.8930.8770.870 0.8620.847|0.833 2 0.9800.96110.94310.9250.9070.890 0.87310.8570.84210.8260.7970.769|0.7560.7430.7180.694 10.9710.94210.9150.8890.8640.8400.8160.7940.77210.751|0.7120.675 0.658|0.6410.609|0.579 |o.9610.9240.8880.8550.8230.79210.76310.7350.70810.68310.636|0.592|0.572|0.552|0.5160.482 10.95110.90610.86310.82210.7840.7470.71310.6810.65010.6210.567|0.519|0.497|0.4760.437|0.402 10.94210.88810.8370.79010.74610.70510.666|0.6300.596|0.564|0.507 0.456 0.43210.410 0.370|0.335 10.9330.8710.8130.76010.7110.6650.6230.58310.547|0.5130.4520.400 0.376|0.3540.3140.279 |o.92310.85310.7890.73110.6770.627|0.58210.540|0.50210.4670.404 0.3510.3270.305 0.266|0.233 [0.9140.8370.766|0.70310.645|0.592|0.5440.500|0.460|0.4240.3610.3080.2840.2630.225|0.194 10 0.905 0.82010.74410.67610.61410.5810.50810.46310.42210.386 0.322 0.27010.24710.227 0.19110.162] |o.8960.8040.72210.650|0.585|0.5270.4750.4290.38810.350 0.2870.2370.215|0.1950.16210.135 12 0.8870.788|0.7010.625|0.5570.4970.4440.3970.35610.31910.2570.2080.1870.1680.1370.112 |0.8790.77310.68110.6010.530|0.4690.41510.3680.32610.290|0.229|0.18210.16310.145|0.116 0.093 10.87010.75810.661]0.577|0.50510.44210.38810.34010.299 0.26310.205 0.1600.1410.125 0.099|0.078 15 0.86110.743 0.64210.555 0.48110.417 0.36210.31510.2750.2390.1830.140 0.12310.108 0.084 0.065 10.85310.72810.62310.5340.4580.39410.33910.29210.25210.218|0.16310.123 0.1070.093 0.07]0.054 |0.8440.7140.605|0.5130.436|0.37]0.317]0.2700.2310.198|0.146|0.108|0.093 0.0800.060 0.045 34567899HQ84B6MB9%a%84www 10.83610.700/0.58710.49410.416lo.350/0.29610.25010.21210.180/0.130/0.09510.0810.06910.05110.038 10.828/0.68610.570/0.47510.39610.331/0.27710.23210.19410.16410.116/0.083|0.070/0.060/0.04310.031 |0.820/0.673/0.55410.456lo.377/0.31210.25810.215/0.17810.14910.10410.07310.06110.05110.03710.0261 lo.811lo.6600.538|o.439|o.359|0.2940.24210.1990.1640.135|0.0930.0640.0530.0440.0310.022 10.8030.647|0.5220.4220.3420.2780.226|0.1840.15010.1230.0830.056 0.046|0.0380.0260.018 0.7950.634|0.5070.406|0.326|0.26210.2110.1700.1380.1120.074|0.049|0.0400.0330.02210.015 10.78810.6220.49210.390|0.3100.2470.1970.1580.1260.1020.066|0.0430.035|0.028|0.019|0.013 25 0.78010.610/0.47810.37510.29510.23310.18410.14610.11610.09210.059 0.038 0.03010.024 0.016 0.010 (6) 2016/ 02 o oselbox 10.77210.59810.46410.3610.2810.220|o.17210.1350.106|o.084|0.0530.0330.026|0.021 0.0140.009 10.764|0.586|0.450|0.3470.2680.2070.1610.125|0.0980.0760.0470.029 0.0230.018|0.011]0.007 0.757|0.5740.4370.33310.2550.1960.150|0.1160.0900.069|0.0420.026 0.020 0.016 0.010 0.006 29 0.74910.56310.42410.3210.24310.185 0.1410.10710.08210.063 0.037 0.02210.017 0.0140.008 0.005 30 0.74210.55210.41210.30810.2310.1740.1310.09910.0750.0570.033 0.020 0.015 0.01210.007 0.004 10.67210.45310.30710.20810.14210.09710.067 0.046|0.03210.02210.011 0.005 0.004 0.00310.001 0.001 50 p.60810.37210.22810.1410.08710.05410.03410.02]o.1310.009 0.003 0.001 0.001 0.0011 Future Value of $1 Periods 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 12% 14% 15% 1.010 1.020 1.030 1.040 1.050 1.060 1.070 1.080 1.090 1.100 1.120 1.140 1.150 1.020 1.040 1.061 1.082 1.103 1.124 1.145 1.166 1.188 1.210 1.254 1.300 1.323 1.030 1.061 1.093 1.125 1.158 1.191 1.225 1.260 1.295 1.331 1.405 1.482 1.521 1.041 1.082 1.126 1.1701.216 1.262 1.311 1.360 1.4121.4641.5741.689|1.749 1.051 1.104 1.159 1.217 1.2761.338 1.403 1.469 1.539 1.611 1.762 1.925 2.011 1.062 1.126 1.194 1.265 1.340 1.419 1.501 1.587 1.677 1.772 1.9742.195 2.313 1.072 1.149 1.230 1.316 1.407 1.504 1.606 1.714 1.828 1.949 2.211 2.502 2.660 1.083|1.1721.2671.369/1.477|1.594 1.718 1.851 1.9932.144 2.4762.853 3.059 1.094 1.1951.3051.4231.551 1.689 1.838 1.999 2.172 2.3582.773|3.252 3.518 1.105 1.219 1.344 1.480 1.629 1.791 1.967 2.159 2.367 2.594 3.106 3.707 4.046 1.116 1.243 1.384 1.539 1.710 1.898 2.105 2.332 2.580 2.853 3.479 4.226 4.652 1.127 1.268 1.426 1.601 1.796 2.012 2.252 2.518 2.813 3.138 3.896 4.818 5.350 13 1.138 1.294 1.469 1.6651.886 2.1332.410 2.720 3.066 3.4524.3635.492 6.153 1.149 1.319 1.513 1.732 1.980|2.261 2.579 2.937 3.342 3.798 4.8876.261 7.076 1.161 1.346 1.558 1.801 2.079 2.3972.759 3.172 3.642 4.177 5.474 7.138 8.137 16 1.173 1.373 1.6051.8732.1832.5402.952 3.426 3.970 4.595 6.130 8.1379.358 1.184 1.400 1.653 1.948 2.292 2.693|3.159 3.700 4.328 5.054 6.8669.276 10.76 1.196 1.428 1.702 2.026 2.407 2.854 3.380 3.996 4.717 5.560 7.690 10.58 12.38 1.208 1.457 1.754 2.1072.527 3.026 3.617 4.316 5.142 6.116 8.613 12.06 14.23 1.220 1.4861.8062.1912.653 3.207|3.8704.661 5.604 6.727 9.646 13.74 16.37 1.232 1.5161.860 2.279 2.786|3.4004.1415.034 6.109 7.400 10.80 15.67 18.82 1.245 1.546 1.916 2.370 2.925 3.604 4.430 5.437 6.659 8.140 12.10 17.86 21.64 1.257 1.577 1.974 2.465 3.072 3.820 4.741 5.871 7.258 8.954 13.55 20.36 24.89 1.270 1.608 2.033|2.563|3.225 4.049 5.0726.341 7.911 9.850|15.18 23.21 28.63 25 1.282 1.6412.094 2.6663.3864.292 5.4276.8488.62310.83 17.00 26.46 32.92 1.295 1.673 2.157 2.772 3.556 4.5495.807 7.396 9.399 11.92 19.04 30.17 37.86 1.308 1.707 2.221 2.883|3.733 4.8226.214 7.988 10.25 13.11 21.32 34.39 43.54 1.321 1.741 2.288 2.999 3.920 5.112 6.649 8.627 11.17 14.42 23.88 39.20 50.07 1.335 1.776 2.357 3.119 4.116 5.418 7.114 9.317 12.17 15.86 26.75 44.69 57.58 1.348 1.8112.4273.2434.3225.7437.612 10.06 13.27 17.45 29.96 50.95 66.21 1.489 2.208|3.262 4.801 7.040 10.29 14.97 21.72 31.41 45.2693.05 188.9|267.9 50 1.645|2.692|4.384/7.107 11.47 18.42 29.46|46.9074.36|117.4289.0 700.2/1,084 OVO AWN = Present Value of Ordinary Annuity of $1 Periods 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 12% 14% 15% 16% 18% 20% 0.990 0.980 0.971 0.962 0.952 0.943 0.935 0.926 0.917 0.909|0.893|0.877|0.870|0.862|0.847|0.833 1.970 | 1.942 1.9131.886 | 1.8591.8331.808 | 1.783 1.759 1.736 1.6901.647|1.626|1.6051.566|1.528 2.9412.884 2.829 2.775 2.723 2.673 2.624 2.577 2.531 2.487|2.4022.3222.283|2.246|2.174/2.106 3.902 3.808 3.717 3.630 3.546 3.465 3.387 3.312 3.240 3.170 3.037 2.9142.855 2.798 2.690 2.589 |4.212 4.100 | 3.993 | 3.890 (3.7913.605|3.433|3.352|3.27413.127|2.991 4.767 4.623 4.4864.3554.11113.8893.784[3.685|3.498|3.326 5.389 5.2065.033 14.8684.5644.288|4.1604.039[3.8123.605 7.652 7.325 7.020 6.733 6.463 5.747 5.535 5.3354.968|4.6394.4874.3444.078|3.837 8.566 8.1627.786 7.435 7.108 6.802 6.515 6.247 5.995 5.7595.328|4.9464.7724.6074.3034.031 9.471 8.9838.530 8.111 7.722 7.360 | 7.0246.710 6.418 6.145|5.6505.216|5.0194.8334.4944.192 10.368 9.787 9.253 8.760 8.306 7.887 7.499 7.139 6.805 6.495 5.938 5.4535.234/5.0294.656 4.327 11.255 10.575 9.954 9.385 8.863 8.384 7.943 | 7.5367.161 16.8146. 1945.6605.4215.1974.7934.439 13 12.134 11.348 10.6359.986 9.394 8.853 8.358 7.904 7.487 7.1036.424/5.8425.5835.3424.9104.533 [13.004|12.106|11.296 10.563 9.899 9.295 | 8.745 8.244 7.786 17.3676.628|6.0025.7245.468|5.008|4.611 15 13.865 12.849|11.93811.11810.380 9.712 9.108 8.559 8.061 7.6066.811|6.1425.847 5.575/5.092 4.675 14.718 13.578 12.561 11.652 10.838 10.106 9.447 8.851 8.313 7.8246.9746.2655.9545.6695.1624.730 17 15.562 14.292 13.166 12.166 11.274 10.477 9.763 9.122 8.544 8.0227.1206.373/6.047|5.749 5.222 4.775 16.398 14.992 13.754 12.659 11.690 10.828 10.059 9.3728.756 8.2017.2506.4676.128|5.818|5.2734.812 19 17.22615.67814.32413.13412.08511.15810.336 9.604 8.950 8.3657.3666.5506.1985.877 5.3164.844 [18.046/16.351|14.877|13.590|12.462 11.470|10.5949.818 9.129 18.5147.4696.6236.2595.9295.3534.870 18.857 17.011 15.415 14.02912.821 11.76410.836 10.017 9.292 8.6497.5626.6876.3125.9735.384 4.891 19.660 17.658 15.937 14.451 13.163 12.042 11.061 10.2019.442 8.7727.6456.7436.3596.0115.4104.909 (20.456|18.292 16.444/14.857|13.489|12.303|11.272 10.371 9.580 18.88317.71816.792/6.3996.04415.432|4.925 21.24318.914 16.936 15.247 13.799 12.550 11.469 10.529 9.707 8.9857.7846.8356.4346.0735.451 4.937 25 22.023 19.523 17.413/15.622 14.09412.78311.654 10.675 9.8239.077 7.8436.8736.464/6.097|5.4674.948 22.795/20.12117.877 15.983 14.37513.003 11.826 10.8109.929 |9.1617.8966.9066.4916.118|5.4804.956 27 123.560|20.707 18.32716.33014.64313.211|11.987 10.93510.0279.2377.9436.9356.5146.1365.4924.964 |24.316/21.28118.764 16.663 14.898 13.406 12.137 11.051 10.116|9.307 7.9846.9616.5346.1525.5024.970 25.066 21.844 19.188 16.984 15.14113.59112.278 11.158 10.198|9.3708.0226.9836.5516.1665.510 4.975 25.808|22.396 19.600 17.292 15.372 13.765 12.409.11.258 10.2749.4278.0557.0036.5666.177 5.517 4.979 40 32.835/27.355|23.115 19.793 17.159 15.046 13.332 11.925 10.7579.7798.244 7.1056.6426.2335.5484.997 50 39.196 31.42425.73021.48218.256 15.762 13.801 12.233 10.9629.915 8.3047.1336.6616.2465.5544.999