Answer:
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Step-by-step explanation:
Answer:
The probability is 1/6
Step-by-step explanation:
Firstly, we need to get the total number of coins
that would be the sum of all the coins present
We have this as;
8 + 10 + 4 + 2 = 24 coins
The number of nickels is 4
So the probability of selecting a nickel is the number of nickels divided by the total number of coins
We have this as;
4/24 = 1/6
Answer:
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Step-by-step explanation:
Let
P-------> the population of Jacksonville
t----> the number of years since 2018
we know that
The equation that models the population of Jacksonville in t years is

we have

substitute
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
The amount needed in the account when Frost retires is given by the annuity formula. Compounding is 2 times per year.
.. A = Pi/(n(1 -(1 +r/n)^(-nt)))
.. 17900 = P*.08/(2*(1 -(1 +.08/2)^(-2*12)))
.. 17900 = P*.04/(1 -(1.04^-24))
.. P ≈ 272,920.64
The compound interest formula can be used to find the present value required. 4015 days is 11 years (ignoring leap years), so the amount to deposit can be calculated from
.. A = P*(1 +r/n)^(nt)
.. 272,920.64 = P*(1 +.08/2)^(2*11) = P*1.04^22
.. P ≈ 115,160.33
We don't know about the company's obligation to Robert. To fulfill its obligation to Frost, it must deposit 115,160.33 today.