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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
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. Note: Use appropriate factor(s) from the tables provided. Round time value factor to 3 decimal places and answer to 2 decimal places.
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To calculate the net present value NPV of the microwave oven we need to determine the present value ...
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Focus On Personal Finance
Authors: Jack R. Kapoor, Les R. Dlabay Professor, Robert J. Hughes, Melissa Hart
5th Edition
0077861744, 978-0077861742
