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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

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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 Engine Overhaul Estimated Cash Outflow $300 590 750 880 Probability Assessment 10% 30% 50% 10 Click here to view factor tables How much should Leon Bowie deposit today in an account earning 9% 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, e 2.125124 and final answer to decimal places, eg 458,581) Deposit amount $ 663

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