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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 $423,500.

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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 $423,500. He estimates that the boat he wants will cost $313,100 when he retires in 5 years. Click tiere to view factor tables. How much of his inheritance must he invest at an annual rate of 12% (compounded annually) to buy the boat at retirement? (Round foctor values to 5 decimal places, e. . 1.25124 and final answer to 0 decimal places, e. . 458,581.) Investment amount $

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