CAN YOU SHOW IN THE SOLUTION PV, N, FV, PMT, COMPONENTS FOR THE CALCULATOR

26. You are the financial manager at Best Buy where a certain TV set is normally sold for $2,500 and the full purchase price is financed for 30 monthly payments Version A Page 8 at 24% per year compounded monthly, with the payments made at the end of each month. During Christmas Best Buy is planning to run a zero-interest financing sale during which you will offer the customers to finance the TV set over 30 months at 0% interest. How much do you need to charge for the TV set during the Christmas sale in order to earn your usual combined return on the sale and the financing? $3,437 $2,500 $3,349 $2,827 $3,784 A) B) C) D) E)