Newman Fillmore's lifelong dream is to own his own fishing boat to use in his retirement....
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Newman Fillmore's lifelong dream is to own his own fishing boat to use in his retirement. Newman has recently come into an inheritance of $416,000. He estimates that the boat he wants will cost $339.700 when he retires in 5 years. Click here to view factor tables. Assuming quarterly compounding of amounts invested at 10%, how much of Newman Fillmore's inheritance must be invested to have enough at retirement to buy the boat? (Round factor values to 5 decimal places, eg. 1.25124 and final answer to O decimal places, e.g. 458,581) Investment amount Teythook and Media Newman Fillmore's lifelong dream is to own his own fishing boat to use in his retirement. Newman has recently come into an inheritance of $416,000. He estimates that the boat he wants will cost $339.700 when he retires in 5 years. Click here to view factor tables. Assuming quarterly compounding of amounts invested at 10%, how much of Newman Fillmore's inheritance must be invested to have enough at retirement to buy the boat? (Round factor values to 5 decimal places, eg. 1.25124 and final answer to O decimal places, e.g. 458,581) Investment amount Teythook and Media
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