LO8-2 6. Calculating the Present Value of a Consumer Purchase. What would be the net present value of a microwave oven that costs $159 and will save you $68 a year in time and food away from home?...

Chapter 8 Consumer Purchasing Strategies and Legal Protection

Financial Planning Q6

Extracted text: LO8-2 6. Calculating the Present Value of a Consumer Purchase. What would be the net present value of a microwave oven that costs $159 and will save you $68 a year in time and food away from home? Assume an average return on your savings of 4 percent for five years.