5 30 points Starting in 2024 the regional government offices health departments and public libraries in the city of Boulder

Question

5 30 points Starting in 2024 the regional government offices health departments and public libraries in the city of Boulder Colorado will adopt a 9 hour day 4 day workweek from the beginning of June through the end of October The shortened workweek will affect 30 of the city s 8000 employees and will save 55 000 per month for those 5 months due to decreased electricity water and maintenance costs If this work schedule persists for the next 15 years what is the future value of the savings at the end of that period i e end of year 2039 Assume an interest rate of 0 6 per month

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