Brief Exercise 6-8 John Fillmores lifelong dream is to own his own fishing boat to use in his retirement. John has recently come into an inheritance of $419,800. He estimates that the boat he wants will cost $322,800 when he retires in 6 years. (Use the tables below.)

Assuming quarterly compounding of amounts invested at 8%, how much of John Fillmores inheritance must be invested to have enough at retirement to buy the boat?