The object will then continue to fall at that speed, which is called the terminal speed.
For a person in free fall, the terminal speed is about 60 m/s or 135 miles/hour.
When his parachute opens (hopefully), the terminal speed is reduced to around 12 miles/hour.
Quarter-mile came up in about 16 seconds with terminal speed in the mid-80s.
The biggest vessel will act has a terminal heading on a steady course at manoeuvring speed.
To know the terminal speed requires much more information than the fact that it is a bullet.
I expect a bullet is heavier than a raindrop, thus increasing the terminal speed.
In a fall like that, with luck, the person died quickly when the rope snapped the body from terminal speed to zero.
The missile's terminal speed and angle of attack make no difference.
For a typical person, terminal speed is 60 m/s or approximately 135 miles per hour.