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 $437,600. He estimates that the boat he wants will cost $335,100 when he retires in 6 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, e.g. 1.25124 and final answers to O decimal places, e.g. 458,581.) Investment amount $ |