James Wants to Take the Next Three Years Off Work

question 8

Essay

James wants to take the next three years off work to travel around the world. He estimates his annual cash needs at $30,000 (if he needs more, he'll work odd jobs). James believes he can invest his savings at 10% until he depletes his funds.
How much money does James need now to fund his travels?

---

Definitions:

Tablet Computer

A portable computing device featuring a touch-sensitive screen that can be operated with the fingers or a stylus.

Apple Watch 2

The second version of the Apple Watch, offering improvements over the original, including enhanced fitness tracking, water resistance, and a faster processor.

CPU

Central Processing Unit, the primary component of a computer that performs most of the processing inside a computer.

Primary Storage

Refers to the main storage of a computer where data is temporarily stored and accessed by the processor directly, such as RAM.