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Sagot :
Based on the sum and the share value after the relevant number of years, Charlotte's share is $4,137.46 and Ali's share is $3,752.54.
What are Ali and Charlotte's shares?
This can be solved using the substitution method:
Alice share + Charlotte's share = 7,890
As + Cs = 7,890
As = Cs
(As x Future value factor, 5%, 8 years) = (Cs x Future value factor, 5%, 6 years)
(As x 1.47745) = (Cs x 1.3400)
Cs = (As x 1.47745) / 1.3400
Cs = As x 1.1025746
Slotting these back in the original formula gives:
As + (As x 1.1025746) = 7,890
2.1025746As = 7,890
,As = 7,890 / 2.1025746
= $3,752.54
Charlotte's share will be:
= 7,890 - 3,752.54
= $4,137.46
Find out more on the substitution method at https://brainly.com/question/190818.
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