Question: Suppose that a company develops a new motor oil that never needs to replaced. This will save the typical driver $120.00 per year in oil

Suppose that a company develops a new motor oil that never

Suppose that a company develops a new motor oil that never needs to replaced. This will save the typical driver $120.00 per year in oil change costs. If the discount rate for the typical driver is 6.00% per year, what is the value of these savings today? Submit Answer format: Currency: Round to: 2 decimal places

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