Question: X Your answer is incorrect Newman Bowie is trying to determine the amount to set aside so that he will have enough money on hand

X Your answer is incorrect Newman 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 overhauis in 3 years, by conducting some research online. Newman has developed the following estimates. Engine Overhaul Estimated Cash Outflow 5370 Probability Assessment 10% 470 30% 720 SOX 760 10% Click here to view factor tables How much should Newman Bowie deposit today in an account earning 6%.compounded annually, so that he will have enough money on hand in 3 years to pay for the overhaul (Round factor values to decimal places, s. 1.25124 and final answer to decimal plus 458,581.)

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