Question
Suppose you buy an appliance for $355. The appliance will save you $99 a year in various cost savings. What is the net present value
Suppose you buy an appliance for $355. The appliance will save you $99 a year in various cost savings. What is the net present value of the purchase is you assume a return on savings of 5% for 5 years?
| a. $140 | ||
| b. $99 | ||
| c. $74 | ||
| d. - $4 | ||
| e. - $192 |
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Foundations Of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
18th Edition
126409762X, 9781264097623
