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Assume an average return on your savings of 3 percent for

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. What is the formula used and breakdown of the components, in order to find the answer?

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Finance Basics: Assume an average return on your savings of 3 percent for

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