Adams Fillmores lifelong dream is to own his own fishing boat to use in his retirement. Adams has recently come into an inheritance of $423,500. He estimates that the boat he wants will cost $313,100 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 12% (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.)

Investment amount

$

Mon, Jun 22, 2020, 10:25:16 PM (America/New York-04:00) --/0.9 Question 3 View Policies Current Attempt in Progress Adams Fillmore's lifelong dream is to own his own fishing boat to use in his retirement. Adams has recently come into an inheritance of $423,500. He estimates that the boat he wants will cost $313,100 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 12% (compounded annually) to buy the boat at retirement? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to O decimal places, e.g. 458,581.) Investment amount $ eTextbook and Media Save for Later Attempts: 0 of 3 used Submit Answer Assignment sent to Gradebook. Your grade is being recorded. Mon Jun 22, 2020, 10:25:16 PM (America/New York-04:00)