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Alan Fillmores lifelong dream is to own his own fishing boat to use in his retirement. Alan has recently come into an inheritance of $417,100.
Alan Fillmores lifelong dream is to own his own fishing boat to use in his retirement. Alan has recently come into an inheritance of $417,100. He estimates that the boat he wants will cost $320,000 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 5% (compounded annually) to buy the boat at retirement?
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