Brief Exercise 6-04 Newman Newman will invest $10,940 today in a fund that earns 5% annual interest. Click here to view factor tables How many years will it take for the fund to grow to $17,820? Years Brief Exercise 6-07 John Fillmore's lifelong dream is to own his own fishing boat to use in his retirement. John has recently come into an inheritance of $405,000. He estimates that the boat he wants will cost $328,500 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 11% (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 Brief Exercise 6-08 Chris Fillmore's lifelong dream is to own his own fishing boat to use in his retirement. Chris 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 Chris 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