Question: ENCE627 - Solution Set 5 - not understanding which equations were used. Based on the excel spreadsheet, I cannot seem to determine what equations are

ENCE627 - Solution Set 5 - not understanding which equations were used.

Based on the excel spreadsheet, I cannot seem to determine what equations are used to determine average floods occurring per year, discounted damages per year, or probability x discounted per year. The equations are not easily followed. I understand the discount factor being based on the equation, but the other areas I'm not understanding.

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