document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1009308>Question 1009308</A>: <I><SPAN STYLE=\"word-break: break-all;\"> $500 was deposited on January 1, 1980, in an account paying 12% compounded semi-annually. On January 1, 1983, $400 was deposited in another account paying 15 1/2% compounded annually. Find the time when two accounts will be equal value, if the exact method is used for fractions of an interest period. </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #624855 by </B><A HREF=/tutors/aboutme.mpl?userid=stanbon><B>stanbon(75887)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=stanbon><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=624855\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\">  the probability of a one- hundred year flood occuring is 1/100= 1%. A certain river has not reached its one hundred year flood level in the past 99 years. What is the probability that it will reach its one hundred year flood next year? <BR>\n" );
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document.write( "The events are independent.<BR>\n" );
document.write( "P(flood next year) = 1/100<BR>\n" );
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document.write( "Cheers,<BR>\n" );
document.write( "Stan H.<BR>\n" );
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