What would be the net present value of a microwave oven that costs $159 and will save
Question:
What would be the net present value of a microwave oven that costs $159 and will save you $68 a year in time and food away from home? Assume an average return on your savings of 4 percent for five years. (Hint: Calculate the present value of the annual savings, then subtract the cost of the microwave.) (Obj. 1)
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Focus On Personal Finance
ISBN: 9780073382425
3rd Edition
Authors: Jack Kapoor, Les Dlabay, Robert Hughes
Question Posted: