Question
What would be the net present value of a microwave oven that costs $188 and will save you $78 a year in time and food
What would be the net present value of a microwave oven that costs $188 and will save you $78 a year in time and food away from home? Assume an average return on your savings of 3 percent for five years. What is the formula used and breakdown of the components, in order to find the answer?
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Basic Finance An Introduction To Financial Institutions, Investments, And Management
Authors: Herbert B. Mayo
12th Edition
1337691011, 978-1337691017
