Newman Bowie is trying to determine the amount to set aside so that he will have enough money on hand in $3$ years to overhaul the

engine on his vintage used car. While there is some uncertainty about the cost of engine overhauls in $3$ years, by conducting some

research online, Newman has developed the following estimates.

Click here to view factor tables.

How much should Newman Bowie deposit today in an account earning $8\%,$ compounded annually, so that he will have enough money

on hand in $3$ years to pay for the overhaul? $($Round factor values to $5$ decimal places, e$.$g$.1\mathrm{.}25124$ and final answer to $0$ decimal places, e$.$g$.$

$458,581.)$

Deposit amount $

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Attempts: $0$ of $3$ used