How much of his inheritance must he invest


John Fillmores lifelong dream is to own his own fishing boat to use in his retirement. John has recently come into an inheritance of $436,500. He estimates that the boat he wants will cost $323,100 when he retires in 5 years. How much of his inheritance must he invest at an annual rate of 10% (compounded annually) to buy the boat at retirement? (Round answers to 0 decimal places, e.g. $458,581.) Investment amount.

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Accounting Basics: How much of his inheritance must he invest
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