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mestny [16]
2 years ago
7

Shirley adds $2,000 to her savings on the last day of each year. Shawn adds $2,000 to his savings on the first day of each year.

They both earn an 8% rate of return. What is the difference in their savings account balances at the end of 35 years
Business
1 answer:
Aneli [31]2 years ago
6 0

Explanation:

Shirley:-

Savings account balance after 35 years of CHRISTIE = 2000×(1.08)^35

= $31570.688

Shawn:-

Savings account balance after 25 years of Shawn = 2000 + 2000×(1.08)^34

= 2000 + 27380.2672

=$29380.2672

the difference in their savings account balances at the end of 35 years = $31570.6885 - $29380.2672

= $2190.4212

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Flagler Corporation takes eight hours to complete the setup process for a certain electrical component, with the setup cost aver
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The question is missing the below options:

$0.

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$300.

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In determining the amount of non-value adding cost,Flagler number of hours used in setup process is compared to that of its competitor.As a result of comparison, it came to light that Flagler used two more hours in setup process.

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