1. Adams Fillmores lifelong dream is to own his own fishing boat to use in his retirement. Adams has recently come into an inheritance of $ 429,100. He estimates that the boat he wants will cost $ 332,700 when he retires in 6 years. Click here to view factor tables Assuming quarterly compounding of amounts invested at 8%, how much of Adams Fillmores inheritance must be invested to have enough at retirement to buy the boat? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal places, e.g. 458,581.)

2. Leon Fillmores lifelong dream is to own his own fishing boat to use in his retirement. Leon has recently come into an inheritance of $ 405,000. He estimates that the boat he wants will cost $ 328,500 when he retires in 6 years. Click here to view factor tables How much of his inheritance must he invest at an annual rate of 11% (compounded annually) to buy the boat at retirement? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal places, e.g. 458,581.)