You are looking at purchasing a new computer for your four-year undergraduate program.Brand 1 costs $3,800 now, and you expect it will last throughout your program without any upgrades.Brand 2 costs $2,405 now, and will need an upgrade at the end of two years, which you expect to be $1,740.With an 8% annual interest, compounded monthly, which is the less expensive alternative, if they provide the same level of service and will both be worthless at the end of the four years? [NOTE:In general and unless asked for otherwise, comparisons of project should be conducted in present worth dollars]

Which Brand is preferred

How much will you save by purchasing your preferred brand over the other?(Round your answer to the nearest dollar and enter it as a positive number)