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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 $408,600.
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 $408,600. He estimates that the boat he wants will cost $330,300 when he retires in 5 years. Click here to view factor tables: Assuming quarterly compounding of amounts invested at 12%, how much of Henry Fillmore's inheritance must be imvested to have enough at retirement to bury the boat? (Round foctor values to 5 decimal places, 4 : 1.25124 and final answer to 0 decimal places, es. 458,581.) Investment amount
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