Business, 05.11.2020 19:00 kaseywright3418

John Fillmore’s lifelong dream is to own his own fishing boat to use in his retirement. John has recently come into an inheritance of $421,800. He estimates that the boat he wants will cost $341,400 when he retires in 5 years. How much of his inheritance must he invest at an annual rate of 12% (compounded annually) to buy the boat at retirement?

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John Fillmore’s lifelong dream is to own his own fishing boat to use in his retirement. John has rec...

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