John Fillmores lifelong dream is to own his own fishing boat to use in his...
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Accounting
John Fillmores lifelong dream is to own his own fishing boat to use in his retirement. John has recently come into an inheritance of $443,100. He estimates that the boat he wants will cost $347,900 when he retires in 4 years. Assuming quarterly compounding of amounts invested at 8%, how much of John 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.)
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