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Steve Bowie is trying to determine the amount to set aside so that he will have enough money on hand in 2 years to overhaul
Steve 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, Steve has developed the following estimates. Click here to view factor tables. How much should Steve Bowie deposit today in an account earning 8\%, compounded annually, so that he will have enough money on hand in 2 years to pay for the overhaul? (Round foctor volues to 5 decimal places, e. . 1.25124 and final answer to 0 decimal ploces, es. 458,581.) Depositamount \$
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