Jan wants to take 5 years off and travel the world. She estimates her annual...
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Accounting
Jan wants to take 5 years off and travel the world. She estimates her annual cash needs at $28,000.00. Jan believes she can invest her savings at 8% until she depletes her funds.
1. How much money does Jan now need to fund her travels?
2. After speaking to several banks, Jan learns that she will only be able to invest her savings at 4%. How much money does she need now to fund her travels?
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