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 $442,800. He estimates that the boat he wants will cost $325,100 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, eg. 458,581.) Investment amount $ eTextbook and Media Save for Later Attempts: 0 of 3 used Submit Answer