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If clerk cost is $30 per hour and customer waiting time represents a cost of $20 per hour,how many clerks can be justified on a cost basis?
Required Rate
The minimum return rate expected by investors or lenders on their investment or loan.
Constant Rate
A fixed rate that does not change over time, applicable in various financial, scientific, or technical contexts.
Last Dividend
The most recent dividend payment made by a company to its shareholders.
Effective Annual Rate
The interest rate on an investment or loan that accounts for the effect of compounding over a given period.
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