Tony 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, Tony has developed the following estimates. Engine Overhaul Estimated Cash Outflow $310 620 840 990 Probability Assessment Click here to view factor tables. Deposit amount $ 10% 30% 50% 10% How much should Tony 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. 1.25124 and final answer to 0 decimal places, e.g. 458,581.)

Tony 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, Tony has developed the following estimates. Click here to view factor tables. How much should Tony 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 foctor values to 5 decimal places, e.3. 1.25124 and final answer to 0 decimal places, e-g. 458,581.) Deposit amount