Multiple Choice
Decide whether the statement makes sense. Explain your reasoning.
-In 2013, the United States publicly held debt was $17 trillion. Use the loan payment formula to determine the annual payments needed to pay this debt off in 10 years. Assume an annual interest
Rate of 3%.
A) $1993 billion
B) $1987 billion
C) $2014 billion
D) $2002 billion
Correct Answer:
Verified
Correct Answer:
Verified
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