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Brief Exercise 6-07 Chris Fillmores lifelong dream is to own his own fishing boat to use in his retirement. Chris has recently come into an
Brief Exercise 6-07 Chris Fillmores lifelong dream is to own his own fishing boat to use in his retirement. Chris has recently come into an inheritance of $444,400. He estimates that the boat he wants will cost $312,700 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 10% (compounded annually) to buy the boat at retirement?
**Would prefer how it is solved using financial calculator**
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