Adams Madison needs $252,800in10years.

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How much must he invest at the end of each year, at12% interest, to meet his needs?(Round factor values to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal places, e.g. 458,581.)

Investment amount

2,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 $438,200. He estimates that the boat he wants will cost $326,300when he retires in5years.

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Assuming quarterly compounding of amounts invested at10%, how much of Adams Fillmore's 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.)

Investment amount