Mathematics, 28.06.2020 07:01 6mario5
Suppose that the federal debt in 2020 is $19 trilion. If interest rates remain at the 2016 level of 28%, find the annual interest payment on the debt. How much does the interest payment change with a 0.6-point increase in the interest ratio.
The interest payment increases from $__ billion to $__billion
The interest rate increases by about __% and the interest payment increases by about __%
Answers: 2
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