DO 120% board.com/webapps/blackboard/execute/content/file?cmd=view&content_id=_85 37. Present value of an investment in equipment. (Tables needed.) Find the present value of an investment in equipment if it is expected to provide annual savings of $20,000 for 10 years and to have a resale value of $50,000 at the end of that period. Assume an interest rate of 9% and that savings are realized at year end. 38. Future value of an annuity due. (Tables needed.) If $6,000 is deposited annually starting on January 1, 2012 and it earns 9%, how much will accumulate by December 31, 2021? 39. Present value of an annuity due.(Tables needed.) How much must be invested now to receive $25,000 for ten years if the first $25,000 is received today and the rate is 8%? 40. Compute the annual rent. (Tables needed.) Crone Co. has machinery that cost $90,000. It is to be leased for 15 years with rent received at the beginning of each year. Crone wants a return of 10%. Compute the amount of the annual rent. DO 120% board.com/webapps/blackboard/execute/content/file?cmd=view&content_id=_85 37. Present value of an investment in equipment. (Tables needed.) Find the present value of an investment in equipment if it is expected to provide annual savings of $20,000 for 10 years and to have a resale value of $50,000 at the end of that period. Assume an interest rate of 9% and that savings are realized at year end. 38. Future value of an annuity due. (Tables needed.) If $6,000 is deposited annually starting on January 1, 2012 and it earns 9%, how much will accumulate by December 31, 2021? 39. Present value of an annuity due.(Tables needed.) How much must be invested now to receive $25,000 for ten years if the first $25,000 is received today and the rate is 8%? 40. Compute the annual rent. (Tables needed.) Crone Co. has machinery that cost $90,000. It is to be leased for 15 years with rent received at the beginning of each year. Crone wants a return of 10%. Compute the amount of the annual rent