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10/1 HE Leon Bowie is trying to determine the amount to set aside so that he will have enough money on hand in 5 years
10/1 HE Leon Bowie is trying to determine the amount to set aside so that he will have enough money on hand in 5 years to overhaul the engine on his vintage used car. While there is some uncertainty about the cost of engine overhauls in 5 years. by conducting some research online, Leon has developed the following estimates Question List Question 1 Aung M Engine Overhaul Estimated Cash Outflow Probability Assessment $270 10% 590 30% 840 50% 980 10% Click here to view factor tables How much should Leon Bowie deposit today in an account earning 8%, compounded annually, so that he will have enough money on hand in 5 years to pay for the overhaul? (Round factor values to 5 decimal places eg. 1.25124 and final answer to O decimal places, es 458.581) Deposit amount $ Ptype here to search 523 HI 8 Question 2 Question 3 1. CH Cae 05/1 Viewing Question 4 071 Question 5 0.79/1 11229 Question 6 art Question 7 171 Question ZUN 129
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