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Mark Nobrega is trying to determine the amount to set aside so that he will have enough money on hand in 2 years to overhaul

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Mark 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, Mark 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 Mark deposit today in an account earning 6%, compounded annually, so that he will have enough money on hand in 2 years to pay for the overhaul? (For calculation purposes, use 5 decimol places as disployed in the factor table provided. Round final answer to O decimat ploces, eg. 125.) Deposit amount

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