8. Calculating the Present Value of a Consumer Purchase. What would be the net present value of...

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8. Calculating the Present Value of a Consumer Purchase. 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. (Obj. 2)

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Personal Finance

ISBN: 9780073530697

10th Edition

Authors: Jack Kapoor, Les Dlabay, Robert Hughes

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