Let sales be x
<span>.03x = 180 </span>
<span>divide both sides by .03 </span>
<span>x = 180/.03 = 6000</span>
Based on the stated annual interest rate and the face value of the bond, the semiannual payments will be $1,000,000.
<h3>How can the semiannual interest payment be found?</h3>
The formula to find the semiannual payment is:
= (Face value x Stated annual interest rate) / 2 semi-annual periods per year
Solving gives:
= (50,000,000 x 4%) / 2
= 2,000,000 / 2
= $1,000,000
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L = 5W - 10
5W = L + 10
W = 1/5(L + 10)
Area = L x W
240 = L(1/5(L + 10)
L^2 + 10L = 240(5) = 1200
L^2 + 10L - 1,200 = 0