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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 $448,600.

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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 $448,600. He estimates that the boat he wants will cost $321,200 when he retires in 5 years. Click here to view factor tables Assuming quarterly compounding of amounts invested at 12%, 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, e.g. 1.25124 and final answers to O decimal places, eg. 458,581.) Investment amount

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