$($Click the icon to view Present 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 $$1$ table.$)$

$($Click the icon to view Future Value of Ordinary Annuity of $$1$ table.$)$

Read the requirements.

Requirement $1.$ How much money does Amanda need now to fund her travels? $($Round your answer to the nearest whole dollar.$)$

With the $12\%$ interest rate, Amanda needs

With a $6\%$ interest rate, Amanda would need

If Amanda's savings are earning a lower interest rate $(6\%),$ she will need to save to be able to withdraw $$26,000$ per year.