Homework - Please give explaination for correct option. The US national debt is approximately $23.2 trillion or 23, 200 billion in October 2019. If it were to be paid off in the year 2059 at 4% interest, what would be approximate annual payment? Note that the B stands for billions of dollars. a)$1,200B. b)$1,100B. C)$1,000B. D)$900B

Homework - Please give explaination for correct option. The US national debt is approximately $23.2 trillion or 23, 200 billion in October 2019. If it were to be paid off in the year 2059 at 4% interest, what would be approximate annual payment? Note that the B stands for billions of dollars. a)$1,200B. b)$1,100B. C)$1,000B. D)$900B

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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