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At time 0, Cheryl deposits X into a bank account that credits interest at an annual effective rate of 4.1%. At time 3, Gomer deposits 740 into a different bank account that credits simple interest at an annual rate of y%.
At time 7, the annual forces of interest on the two accounts are equal, and Gomer's account has accumulated to Z.
Problem 1: Calculate Z.
a) 840
b) 860
c) 880
d) 900
e) 920
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Direct materials-Direct labor-Variable manufacturing overhead
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