You can pick up a quality bow for $200. One that comes to mind is a PSE Nova. There are other brands/models that will do you fine. You don't have to get caught up in $$$ for a quality bow.
Figure for accesories
$30 rest
$15 limbsavers
$50 release
$20 stabilizer
$35 1/2 doz arrows
$70 3d target
$50 sights
THat puts you in the upper $400 which gives you a little room to spare and allow for pricing choice. Good luck.