A kindly old grandmother is going to distribute 225 pieces of candy to her four grandchildren, Alex,Beth, Carl and Dave, based on how many minutes of housework they’ve completed over the past week.
The table below gives the number of minutes each child spent doing housework during the past week.
-Based on the scenario above , find a modified divisor which would allow the 225 pieces of candy to be apportioned using Webster's Method.
Definitions:
Periodic Interest Rate
The amount of interest charged or earned over a specific period, often expressed as a percentage of the principal.
Payment Interval
The standard interval at which payments are made on a loan or investment, like monthly or yearly.
Ordinary General Annuity
Recurrent equal value exchanges at the cessation of sequential periods over an established timeline.
Future Value
The projected value of an investment at a specific point in the future, considering factors like interest rates and compound interest.
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