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Henry Fillmore's lifelong dream is to own his own fishing boat to use in his retirement. Henry has recently come into an inheritance of $440,700.

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Henry Fillmore's lifelong dream is to own his own fishing boat to use in his retirement. Henry has recently come into an inheritance of $440,700. He estimates that the boat he wants will cost $340,900 when he retires in 7 years. Click here to view factor tables How much of his inheritance must he invest at an annual rate of 9% (compounded annually) to buy the boat at retirement? (Round factor values to 5 decimal places, ... 125124 and final answers to decimal places, eg. 458,581.) Investment amount $

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