The equation for a parabola is y = ((x - a)^2) + b. There is a shift one to the left (we’ll call that a) and one shift down (we’ll call that b) for the point (-1,-1). Shifts to the left and right are replaced with a and shifts up and down are replaced with b. y = ( x - (-1))^2 - 1. Simplify: y = (( x + 1)^2) - 1
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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