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Sales of bottled water in the US totalled 163 gallons per personin 2004

Sales of bottled water in the U.S. totalled 16.3 gallons per personin 2004. Evian Natural Spring Water costs 40 cents per bottle. A municipal water utility provides tap water for$2.10 per 1000 gallons. If the average person drinks 2 bottles of water per day or uses 5 gallons per day in getting that amount of water from the tap, what are the present worth values of drinking bottled water or tap water per person for 1 year? Use an interest rate of 6% per year, compounded monthly, and 30 days per month.

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Apr 30 2018 View more View Less

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