Brief Exercise 6-08 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 $400,000. He estimates that the boat ne wants will cost $300,000 when he retires in 5 years. Click here to view factor tables Assuming quarterly compounding of amounts invested at 8%, how much of John 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 decimal places, .g. 458,581.) Investment amount Click If you would like to show Work for this question: Open Show Work CALCULATOR PRINTER VERSION MACK NEXT Brief Exercise 6-10 Henry Quincy wants to withdraw $30,000 each year for 10 years from a fund that earns 8% interest Click here to view factor tables How much must he invest today if the first withdrawal is at year-end? How much must he invest today if the first withdrawal takes place immediately? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to decimal places, e.g. 458,581.) First withdrawal at year-end First withdrawal immediately Click if you would like to Show Work for this question: Open Show Work