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Steve Fillmores lifelong dream is to own his own fishing boat to use in his retirement. Steve has recently come into an inheritance of $430,800.

Steve Fillmores lifelong dream is to own his own fishing boat to use in his retirement. Steve has recently come into an inheritance of $430,800. He estimates that the boat he wants will cost $312,100 when he retires in 6 years. Click here to view factor tables How much of his inheritance must he invest at an annual rate of 8% (compounded annually) to buy the boat at retirement? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal places, e.g. 458,581.) Investment amount $

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