Question 45 1 pts Each year you need to power wash your deck. You can rent a power washer for $47 per day. If you go with this option, you will pay $47 each year starting today up to and including year 5. If you buy the power washer, you will pay $100 today and the power washer will last up to and including year 5. If your investments earn 3% compounded annually, how much does it save you in present value terms to own the power washer? $155 $147 $162 $178 $170