Question: 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 $169

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 $169 and will save you $69 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 and answer to 2 decimal places.)

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