An infomercial is selling a thigh toner for either $99 or three monthly payments of $39 (in which the first payment occurs immediately and remaining payments occur at the end of the next two months). The net present value of the three-month installment plan at a discount rate of 1% per month is _____ which means _____ makes the consumer better off.

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The Answer of An infomercial is selling a thigh toner for either $99 or three monthly payments of $39 (in which the first payment occurs immediately and remaining payments occur at the end of the next two months). The net present value of the three-month installment plan at a discount rate of 1% per month is _____ which means _____ makes the consumer better off.

An Infomercial Is Selling a Thigh Toner for Either $99