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Helen wants to take the next four years off work to travel around the world....

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Accounting

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Helen wants to take the next four years off work to travel around the world. She estimates her annual cash needs at $31,000 (if she needs more, she will work odd jobs). Helen believes she can invest her savings at 10% until she depletes her funds. Ordinary Annuity of $1 table.) 3(Click the icon to view Future Value of $1 table.) 4 (Click the icon to view Future Value of Ordinary Annuity of $1 table.) Read the requirements 5. Requirement 1. How much money does Helen need now to fund her travels? (Round your answer to the nearest whole dollar.) With the 10% interest rate, Helen needs Requirement 2. After speaking with a number of banks, Helen learns she will only be able to invest her funds at 6%. How much does she need now to fund her travels? (Round your answer to the nearest whole dollar.) With a 6% interest rate, Helen would need If Helen's savings are earning a lower interest rate (6%), she will need to save (1) to be able to withdraw $31,000 per year

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