Its 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?

show the step and which formula is used

+ Capital Gain for One Year (CG-1)- Relative Price (RP) NP RP = (newprice oldprice oldprice 100 NP + Percentage Change (%) (new - old x 100 old Annualized Percentage Change (Annual %) t new old -1] -1 x 100 Nominal Interest Rate (nom). old real +inf + (real x inf). Effective Yield for a Tax-Free Investment (EYTFI). 1 Real Interest Rate (real). nom inf x 100 (1 taxbracket 1 + inf + Present Value Payment (PVP)- 1 Future Value (FV)- FV PVP FV = PV (1 + r r). (1 +r) 1 Interest Rate (r)- 1 Future Value Annuity (FVA) (1+r)" - 1 FVA = PV 1 = FV PV -1 t Future Value Payment (FVP- Present Value (PV) FV PV (1 + r ) r(1+r)" FVP = PV (1 + r)" 1 = t Present Value Annuity (PVA)- 1- (1+r)" PVA = FV fr [1-677)"] +