29. Future Value of Annuities. I now have $20,000 in the bank earning interest of 5% per month. I need $30,000 to make a down payment on a house. I can save an additional $100 per month. How long will it take me to accumulate the $30,000? (LO5-3) 30. Real Annuities. A retiree wants level consumption in real terms over a 30-year retirement. If the inflation rate equals the interest rate she earns on her $450,000 of savings, how much can she spend in real terms each year over the rest of her life? (LO5-3) 31. Delayed Annuities. Suppose that you will receive annual payments of $10,000 for a period of 10 years. The first payment will be made 4 years from now. If the interest rate is 5%, what is the present value of this stream of payments? (L05-3) 32. Annuity Due. Your landscaping company can lease a truck for $8,000 a year (paid at year-end) for 6 years. It can instead buy the truck for $40,000. The truck will be valueless after 6 years. The interest rate your company can earn on its funds is 7%. (LO5-3) a. What is the cost of leasing? b. Is it cheaper to buy or lease? c. What if the lease payments are an annuity due, so the first payment comes immediately? Is it cheaper to buy or lease