Please use question 3 and 4 to answer question 5.   3. It’s time to get a new laptop.  The laptop is $2500.  You decide to put money aside for it each month for one year.  If you put the money in an account that earns 5%, how much will you have to save each month?   4. Instead of saving up, you decide to finance the laptop. What will your monthly payments be if you finance $2500 at 7% for 3 years? 5. What are the acquisition costs for questions 3 and 4? In other words, how much out of pocket will you pay to pay for the laptop?

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A: Given that;Future value is $40000Interest rate is 12%We need to take the present value as $0

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A:

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A: Given information: Purchase price = $2,500 i.e. the amount which is required at the end of one year…

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A: Time value of money :— It means that value of money in present days has more as compared from same…

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A: Please see the next step for the solution

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A: Calculation of Future value:The value after 4 years is $18,981.83.Excel spreadsheet:

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A: solution given Annual deposit 2500 Interest rate 4% Number of years 5 years…

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A: Here we have to invest $ 30000 at the 5% annual rate but compounded quarterly. and want $ 40000 in…

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A: Here, The monthly rate of interest is 'r' Number of months is 'n'

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A: To open the "NPER function" window - MS-Excel --> Formulas --> Financials --> NPER.

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A: In this we have to calculate present value of future value.

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Q: You expect to save $450 at the end of each month for the next four years towards a car. Your parents…

A: Future Value: The future value is the amount that will be received at the end of a certain period.…

Q: how much will you have 4 years from today?

A: In the given case interest is 5.7%. But in the question it is not mentioned that whether it's simple…

Q: Unfortunately it costs $25,000, it you want to the purchases the car in five years and in the…

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A: Using excel PV function

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A: Given:

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