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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 $
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
$ He estimates that the boat he wants will cost $ when he retires in years.
Click here to view factor tables.
Assuming quarterly compounding of amounts invested at how much of Henry Fillmore's inheritance must be invested to have
enough at retirement to buy the boat? Round factor values to decimal places, eg and final answer to decimal places, eg
Investment amount $
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