A parabola is defined as the set of all points that are equidistant between a given point F and a given line L. The given point F is called the focus and the line L is called the directrix. The point of this exercise is to show that the graph of y=x^2 is indeed a parabola. So we need to find its focus and directrix. Supose the focus is the point (0,a). Then the directrix would HAVE to be the line y=-a. (WHY?) Now write down an equation by equating the distance of the point (x, x^2) to the point (0,a) with the distance from the point (x, x^2) to the line y=-a. Use this equation to find the number a, and hence the focus and the directrix.
Compute the APY for each of the following investments to see which is better, that is, has the higher APY.
APR=5.0% compounded monthly
APR=4.95% compounded continuously.