Henry Bowie is trying to determine the amount to set aside so that he will...
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Henry Bowie is trying to determine the amount to set aside so that he will have enough money on hand in 5 years to overhaul the engine on his vintage used car. While there is some uncertainty about the cost of engine overhouk in 5 vears, by tonctucting sorin researchoniline, Henry has developed the following estimates. Click here to view factor tables. How murh should Henry Powie deposit todoy in an account earning 9x, compounded annually, so that he will have enough moncy on 458,581.) Deposit amount
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