Hazel wants to take the next six years off work to travel around the world. She estimates her annual cash needs at $35,000 (if she needs more, she'll work odd jobs). Hazel believes she can invest her savings at 6% until she depletes her funds.
Requirements
1. How much money does Hazel need now to fund her travels?
2. After checking with a number of banks, Hazel learns she'll only be able to invest her funds at 4%. How much does she need now to fund her travels?