Question: Help me with this question please. AUIS will need two new laboratories in 78 months for a total cost of $150,000. How much money should

Help me with this question please.

AUIS will need two new laboratories in 78 months for a total cost of $150,000. How much money should be deposited quarterly into an account paying 5 4 % compounded quarterly, in order to have the money needed for the labs? Part 1. Select the formula that should be used: O compound interest / future value O compound interest / present value ordinary annuity present value of an annuity sinking fund amortization Part 2. Now solve the problem, rounding to the nearest dollar. Add your work/solution by using the "add work" button. This is required for full credit. Add Work Submit

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