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Sylvia wants to take the next 5 years off work to travel around the world....

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Accounting

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Sylvia wants to take the next 5 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). Sylvia believes she can invest her savings at 12% until she depletes her funds. Read the requirements. View the Present Value of $1 table. View Present Value of Ordinary Annuity of $1 table. View the Future Value of $1 table. View the Future Value of Ordinary Annuity of $1 tabl Requirement 1. How much money does Sylvia need now to fund her travels? (Round your answer to the nearest whole dollar.) With the 12% interest rate, the amount of money needed = Requirements 1. How much money does Sylvia need now to fund her travels? 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? Present Value of $1 Present Value of Ordinary Annuity of $1 Future Value of Ordinary Annuity of $1

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