It’s time to get a new laptop that is $2500. If you save up for it each month it will take one year in an account that earns 5% annual interest.  (A)How much would you have to put aside each month to have enough for it?  (B)What are the total acquisition costs of saving up for the laptop? USE PVP FORMULA no excel manually please

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter3: Cost-volume-profit Analysis
Section: Chapter Questions
Problem 8EB: Shonda & Shonda is a company that does land surveys and engineering consulting. They have an...
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It’s time to get a new laptop that is $2500. If you save up for it each month it will take one year in an account that earns 5% annual interest.  (A)How much would you have to put aside each month to have enough for it?  (B)What are the total acquisition costs of saving up for the laptop?

USE PVP FORMULA no excel manually please

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