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The lowest notch shown on this figure is 9 meters wide and 5 meters high from its base.The river has a velocity of 1 meter per second when it fills the notch.Based on the accompanying graph, what is the probability each year that the notch will be filled to the top?
Future Values
The worth of an asset or money on a predetermined future date that has the same value as a certain amount presently.
Present Values
The value today of a future sum of money or cash flows, when calculated at an agreed-upon return rate.
Present Value
Present value is the current worth of a future sum of money or stream of cash flows given a specified rate of return.
Interest Rate
The percentage charged on borrowed money, or earned through deposited funds, over a period of time.
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