Leon Bowie is trying to determine the amount to set aside so that he will...

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Accounting

Leon Bowie is trying to determine the amount to set aside so that he will have enough money on hand in 6 years to overhaul the engine on his vintage used car. While there is some uncertainty about the cost of engine overhauls in 6 years, by conducting some research online, Leon has developed the following estimates.Engine Overhaul
Estimated Cash Outflow
Probability
Assessment
$380
10%
450
30%
810
50%
800
10%

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