Question: What is the formula to solve this question? Find the present value of an investment in equipment if it is expected to provide annual savings

What is the formula to solve this question?

Find the present value of an investment in equipment if it is expected to provide annual savings of $39,000 for 10 years and to have a resale value of $57,000 at the end of that period. Assume an interest rate of 10% and that savings are realized at year end. (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.) (Use the below tables.)

Present value of investment in equipment

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