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Determine the midpoint of the line segment between the pair of points.
-(6, 1) and (8, 5)
Effective Interest Method
A method of calculating the interest rate on a bond that factors in the actual amount paid over the life of the bond, including any fees or costs.
Amortization Table
A table that outlines each periodic payment on a loan over time, breaking down the amounts that go towards the principal and interest.
Semiannual Payment
A payment made twice a year, often related to loans, insurance premiums, or investments.
Collateral Bonds
Bonds that are secured by a specific asset or form of collateral, offering more security to bondholders.
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