calculate the amount deposited

Matthew Nobrega is trying to determine the amount to set aside so that he will have enough money on hand in 2 years to overhaul the engine on his vintage used car. While there is some uncertainty about the cost of engine overhauls in 2 years, by conducting some research online, Matthew has developed the following estimates: Click here to view the factor table PRESENT VALUE OF 1. Click here to view the factor table PRESENT VALUE OF AN ANNUITY OF 1. How much should Matthew deposit today in an account earning 6%, compounded annually, so that he will have enough money on hand