Question: Question 4 of 4 -12 E Current Attempt in Progress Tony Bowie is trying to determine the amount to set aside so that he will

Question 4 of 4 -12 E Current Attempt in Progress Tony

Question 4 of 4 -12 E Current Attempt in Progress Tony 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 overhaulsin 2 years, by conducting some research online, Tony has developed the following estimates Engine Overhaul Estimated Cash Outflow $310 510 740 Probability Assessment 10% 30% 50% 1096 880 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 2 years to pay for the overhaul? (Round factor values to 5 decimal places, eg: 1.25124 and final answer to decimal places 458,581) o BE

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4. Explain the strengths and weaknesses of each approach.

d. Describe any challenges in trying to communicate. If there were no challenges, explain why you think it was so easy.

3. Identify the methods used within each of the three approaches.