(4 points) Suppose that the effective annual interest rate is 6%. Find the present value and the accumulated value of the annuity-immediate consisting of the following 37 annual payments: $500, $600,..., $2200, $2300, $2200,..., $600, $500. a) Present Value = $ b) Accumulated Value = $ (8 points) Suppose that the cost of capital is 9% per annum. A machine costs $40,000, has a lifetime of 18 years, and a salvage value of $1,500. Find the machine's capitalized cost if the annual maintenance cost of a machine during its lifetime (paid at the end of each year) is: a) $150 every year; Answer = $ b) $0 for the first 12 years, and then forms an arithmetic progression: $100,...,$600; Answer = $ c) $150 in the first 12 years, and then forms an arithmetic progression: $250,...,$750. Answer = $ Click for a hint (4 points) Suppose that the effective annual interest rate is 6%. Find the present value and the accumulated value of the annuity-immediate consisting of the following 37 annual payments: $500, $600,..., $2200, $2300, $2200,..., $600, $500. a) Present Value = $ b) Accumulated Value = $ (8 points) Suppose that the cost of capital is 9% per annum. A machine costs $40,000, has a lifetime of 18 years, and a salvage value of $1,500. Find the machine's capitalized cost if the annual maintenance cost of a machine during its lifetime (paid at the end of each year) is: a) $150 every year; Answer = $ b) $0 for the first 12 years, and then forms an arithmetic progression: $100,...,$600; Answer = $ c) $150 in the first 12 years, and then forms an arithmetic progression: $250,...,$750. Answer = $ Click for a hint