Question: Question 2 of 5 > - /1 3 : Engine Overhaul Probability Estimated Cash Outflow Assessment $260 10 % 500 25 % 640 40 %

Question 2 of 5 > - /1 3 : Engine Overhaul Probability Estimated Cash Outflow Assessment $260 10 % 500 25 % 640 40 % 860 25 % 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 Chris 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 decimal places as displayed in the factor table provided. Round final answer to O decimal places, e.g. 125.) Deposit amount $

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