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A​ high-quality filter for tap water and a reusable drinking container cost $75 and typically will...

A​ high-quality filter for tap water and a reusable drinking container cost $75 and typically will last for three years. If a family drinks an average of eight cups of water per day​ (one cup is 8 fluid​ ounces), the consumption of water is 547.5 gallons over a​ three-year period. Tap water costs $0.02 per gallon ​Alternatively, bottled water may be purchased in​ 16-ounce bottles for $1.29 each. Compare the present worth of tap filtered water versus bottled water if the family can earn 10​% per year on their investments. Assume uniform water consumption over the​ three-year study period. Assume annual compounding of interest.

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Per day consumption of water 2 Number of cup & Ounces per cup 2 8x8 264 ounces. Therefore, total consumption per year & 64x36Total cost of consuming tap water - 182.5x40.02 243.65 PW of tap water - - $45 - 3.65 (P/A, 10%, 3) - 75 – 3.65 (2.4869) 2- 7Therefore, Present worth of tap water is - $84.08 . Present worth of bottle water is E84682-60 So, Topu Top water will be pre

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