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What would be the net present value of a microwave oven that costs $193 and will save you $74 a year in time and food
What would be the net present value of a microwave oven that costs $193 and will save you $74 a year in time and food away from home? Assume an average return on your savings of 5 percent for five years. Use Exhibit 1-D. (Round time value factor to 3 decimal places, intermediate and final answers to 2 decimal places.)
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