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Business, 27.05.2020 17:58 kaseyvn03

For various reasons related to trying to prevent a catastrophic recession during the pandemic, the federal government has and will continue to borrow trillions of dollars. Fortunately, they can borrow this money at a low interest rate. a) Assuming the government borrows $6 Trillion at a 0.5%, what is the required uniform annual payment to completely pay off this debt in 20 years

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