Reference no: EM131755623

Question: Beginning in 2017, city hall, administrative offices, and municipal courts in the city of El Paso, Texas will go on a 10 hour/day, 4-day workweek from the beginning of May through the end of September. The shortened workweek will affect 35% of the city's 5800 employees and will save $54, 500 per month for those 5 months, because of reduced fuel, utility, and janitorial expenses. If this work schedule is implemented for 12 years, what is the future worth of the savings at the end of that time (i.e., end of year 2028)? Use an interest rate of 0.75% per month.