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Chris Bowie is trying to determine the amount to set aside so that he will have enough money on hand in 4 years to overhaul

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Chris Bowie is trying to determine the amount to set aside so that he will have enough money on hand in 4 years to overhaul the engine on his vintage used car. While there is some uncertainty about the cost of engine overhauls in 4 years, by conducting some research online, Chris has developed the following estimates. Engine Overhaul Probability Estimated Cash Outflow Assessment $270 10% 490 30% 770 50% 970 10% Click here to view factor tables How much should Chris Bowie deposit today in an account earning 9%, compounded annually, so that he will have enough money on hand in 4 years to pay for the overhaul? (Round factor values to decimal places, eg. 1.25124 and final answer to decimal places, es 458,581) Deposit amount

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