Question & Requirements:

Reference Data Tables:

(present value of $1):

(future value of $1):

(present value of ordinary annuity of $1):

(future value of ordinary annuity of $1):

Gretchen wants to take the not four years of work to tiavel around the wonle. she estimates her ancual caeh needs at 534,000 (if she needs more she we work odd jobs) Grotchen beinves the can nvest her savings at 12% until she depletes ner funds (Cick the icon to vew Preserit Value of $1 table ) (Cick the icsa to view Present Valve of Ordinxy /renity of \$1 tabie.) (Cick tho ican to vew. Future Value of $1 thbile) (Cick the icon to wew Future Vale of Ordnery Annuity of 51 lable) Fned the Requirements 1. How much money does Gretchen need now to fund her travels? 2. After speaking with a number of banks, Gretchen learns she will only be able to invest her funds at 4%. How much does she need now to fund her travels? Reference Reference Reference Reference Reference Reference Reference Future Value of Ordinarv Annuitu of $1 Reference