Leon Fillmore's lifelong dream is to own his own fishing boat to use in his retirement. Leon 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.

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, e.g. 1.25124 and final answers to 0 decimal places, e.g. 458,581.)

Investment amount

$