The price of Michael Jordan game worn sneakers was sold for $20,000 and is represented by the equation P(t): number of years since 2017. What will the price of the sneakers be in 2023? (Hin will be how many years since 2017). Round your answer to two decimal places. 20, 000(1.075)' , where t represents the %3D

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A: Given Jim borrows $200 at the rate of 11% compounded quarterly for 6 years.

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A: Explanation of the answer is as follows

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Confidence Intervals

When we calculate intervals in probability and statistics, it can be simply termed as finding out a confidence interval. The confidence interval is usually calculated from the data set which is observed. The value of the parameter that needs to be calculated is present here only.