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Tony Fillmore's lifelong dream is to own his own fishing boat to use in his retirement . Tony has recently come into an inheritance of
Tony Fillmore's lifelong dream is to own his own fishing boat to use in his retirement . Tony has recently come into an inheritance of $ 416,900 . He estimates that the boat he wants will cost $ 323,600 when he retires in 6 years Click here to view factor tables Assuming quarterly compounding of amounts invested at %, how much of Tony Fillmore's inheritance must be invested to have enough at retirement to buy the boat? (Round factor values to 5 decimal places, eg1.25124 and final answers to decimal placeseg 458.581.)
Tony Filimore's lifelong dream is to own his own fishing boat to use in his retirement. Torry has recently come into an iniheritance of $416,900, He estimates that the boat he wants will cost $323,600 when he retlres in 6 years. Click here to view factor tables Assuming quarterly compounding of amounts invested at 8%, how much of Tony Fillmore's inheritance must be invested to have enough at retirement to buy the boat? (Round factor values to 5 declmal places, eg, 1.25124 and final answers to 0 decimal ploces, eg. 458,581) Investment amount Step by Step Solution
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