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Solve the problem.
-A formula used by an engineer to determine the safe radius of a curve, , when designing a road is:
, where is the superelevation of the road and is the velocity (in feet per second) for which the curve is designed. If per sec, , and , find . Round to the nearest foot.
Coupon Rate
The percentage annually paid as interest on a bond, relative to its face value.
Market Interest Rate
The prevailing rate of interest determined by supply and demand in the money market.
Par
Typically refers to a face value of a bond or stock that is set at issuance, or the stated value of a currency.
Principal Amount
The original sum of money borrowed in a loan, or invested, on which interest is calculated.
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