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Alan Fillmore's lifelong dream is to own his own fishing boat to use in his retirement. Alan has recently come into an inheritance of $439,700.

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Alan Fillmore's lifelong dream is to own his own fishing boat to use in his retirement. Alan has recently come into an inheritance of $439,700. He estimates that the boat he wants will cost $317.500 when he retires in 5 years. Click here to view factor tables Assuming quarterly compounding of amounts invested at 12%, how much of Alan Fillmore's inheritance must be invested to have enough a retirement to buy the boat? (Round factor volues to 5 decimal places, s. 1.25124 and final answers to decimal places, s. 458.581) Investment amount $

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