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Ali dream is to own his own fishing boat to use in his retirement. He has recently come into an inheritance of $ 5 0

Ali dream is to own his own fishing boat to use in his retirement. He has recently come into an inheritance of $500,000. He estimates that the boat he wants will cost $250,000 when he retires in 5 years. How much of his inheritance must he invest at an annual rate of 8%(compounded annually) to buy the boat at retirement?
a.
$170,145.79
b.
$195,881.54
c.
$183,757.46
d.
$198,458.06

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