Steve Fillmores lifelong dream is to own his own fishing boat to use in his retirement. Steve has recently come into an inheritance of $444,900. He estimates that the boat he wants will cost $313,100 when he retires in 5 years. Click here to view factor tables Assuming quarterly compounding of amounts invested at 12%, how much of Steve Fillmores 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 0 decimal places, e.g. 458,581.)

Investment amount