Current Attempt in Progress

Steve Fillmore's lifelong dream is to own his own fishing boat to use in his retirement Steve has recently come into an inheritance of $$410,900.$ He estimates that the boat he wants will cost $$334,300$ when he retires in $5$ years.

Click here to view factor tables.

How much of his inheritance must he invest at an annual rate of $4\%($compounded annually$)$ to buy the boat at retirement? $($Round factor values to $5$ decimal places, es $1\mathrm{.}25124$ and final answer to $0$ decimal places, e$8.458,581)$

Investment amount $