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.0/msohtmlclip1/01/clip_image007.jpg””>E26-21 Using the time value of money Janice wants to take the next five years off work to travel around the world. Sheestimates her annual cash needs at $28,000 (if she needs more, she will work oddjobs). Janice believes she can invest her savings at 8% until she depletes her funds.Requirements1. How much money does Janice need now to fund her travels?2. After speaking with a number of banks, Janice learns she will only be able toinvest her funds at 4%. How much does she need now to fund her travels?Problem must be completed in Microsoft
Excel.0/msohtmlclip1/01/clip_image002.jpg””>.0/msohtmlclip1/01/clip_image003.png””>.0/msohtmlclip1/01/clip_image005.jpg””>.0/msohtmlclip1/01/clip_image007.jpg””>E26-21 Using the time value of moneyJanice wants to take the next five years off work to travel around the world. Sheestimates her annual cash needs at $28,000 (if she needs more, she will work oddjobs). Janice believes she can invest her savings at 8% until she depletes her funds.Requirements1. How much money does Janice need now to fund her travels?2. After speaking with a number of banks, Janice learns she will only be able toinvest her funds at 4%. How much does she need now to fund her travels?Problem must be completed in Microsoft Excel”



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