Question: 3% for 5 years is. 4.580 Assignment Saved Problem 8-6 Calculating the Present Value of a Consumer Purchase [LO8-2] What would be the net present

3% for 5 years is. 4.580

Assignment Saved Problem 8-6 Calculating the Present Value of a Consumer Purchase [LO8-2] 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. Use Exhibit 1-D (Round time value factor to 3 decimal places and answer to 2 decimal places.) Net present value ices

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