Question: 5% for 5 years 4.329 What would be the net present value of a microwave oven that costs $164 and will save you $73 a

5% for 5 years 4.329 What would be the net present

5% for 5 years

4.329

What would be the net present value of a microwave oven that costs $164 and will save you $73 a year in time and food away from home? Assume an average return on your savings of 5 percent for 5 years. (Hint: Calculate the present value of the annual savings, then subtract the cost of the microwave.) Use Exhibit 1-D. (Round PVA factor to 3 decimal places and final answer to 2 decimal places.) Net present value

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