In fiscal year 2005, the federal deficit was $319 billion. At that time, 10-year treasury notes were

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In fiscal year 2005, the federal deficit was $319 billion. At that time, 10-year treasury notes were paying 4.25% interest per annum. If the federal government financed this deficit through 10-year notes, how much would it have to pay back in 2015?

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Precalculus

ISBN: 978-0321716835

9th edition

Authors: Michael Sullivan

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Question Posted: Jan 15, 2019 12:25 PM

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In fiscal year 2005, the federal deficit was $319 billion. At that time, 10-year treasury notes were

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Precalculus

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