You are saving money for a down payment on a house. The goal…

You are saving money for a down payment on a house. The goal is $20,000, and you hope to save that amount in 5 years. If you make uniform annual deposits into an account that earns 10% interest, how much should be deposited each year to meet your goal? Write your solution in the textbox. (Show all your work) 

A new piece of equipment costs $10,000 and has a useful life…

A new piece of equipment costs $10,000 and has a useful life of 5 years. Annual maintenance costs are $700, and annual revenues from the machine are $3,000. The machine’s salvage value at the end of year 5 is $1,000. Using an analysis period of 10 years and MARR of 8%, what is the present worth of this investment? Write your solution in the textbox. (Show all your work)