Chris Bowie 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, Chris has developed the following estimates.

Engine Overhaul Estimated Cash Outflow			Probability Assessment
$220			10%
610			30%
830			50%
710			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 2 years to pay for the overhaul?