The Driver of an Automobile Leaves Home and Travels Due

question 486

Short Answer

The driver of an automobile leaves home and travels due east 8 miles. Turning right at an intersection, he drives due south a distance of 6 miles. How far is the driver from home?

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Definitions:

Collateral

An asset or property that a borrower offers as a way for a lender to secure the loan, which can be seized if the loan is not repaid according to terms.

Corporate Bonds

Debt securities issued by corporations to raise capital, with the promise to repay the principal along with interest on specified dates.

Call Provision

Right of the issuer to buy a bond back from the investor before maturity at a specified price.

Interest Rate

The percentage of a sum of money charged for its use, often expressed as an annual percentage.