Question 13 of 20 View Policies Engine Overhaul Estimated Cash Outflow $270 Current Attempt in Progress Leon 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, Leon has developed the following estimates. 490 770 970 Click here to view factor tables. Deposit amount Probability Assessment $ 10% 30% 50% -/0.65 = 10% How much should Leon 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 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.) ...

Leon Bowie is trying to determine the amount to set aside so that be will have enought money on hand in 4 years to overtaul the engine on his vintage used car. While there is some uncertainty about the cost of engine over hauls in 4 years, by conducting some research online Leon has developed the following estimates. Click here to view fiactor tables. How much should Leon Bcwie 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 foctor values to 5 decimal places, c.8.1.25124 and final answa to 0 decimoi ploces, es: 458.581. Depositamount