Henry Madison needs $248,900 in 10 years. Click here to view factor tables How much must he invest at the end of each year, at 4% interest, to meet his needs? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal places, e.g. 458,581.)

Investment amount

$enter the dollar amount invested rounded to 0 decimal places

Adams Fillmores lifelong dream is to own his own fishing boat to use in his retirement. Adamshas recently come into an inheritance of $430,000. He estimates that the boat he wants will cost $339,300 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 6% (compounded annually) to buy the boat at retirement? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal places, e.g. 458,581.)

Investment amount

$

Henry Fillmores lifelong dream is to own his own fishing boat to use in his retirement. Henry has recently come into an inheritance of $403,900. He estimates that the boat he wants will cost $341,600 when he retires in 5 years. Click here to view factor tables Assuming quarterly compounding of amounts invested at 12%, how much of Henry Fillmores inheritance must be invested to have enough at retirement to buy the boat? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal places, e.g. 458,581.)