In fiscal year 2010, the federal deficit was $1.3
Chapter 0, Problem 55(choose chapter or problem)
In fiscal year 2010, the federal deficit was $1.3 trillion. At that time, 10-year treasury notes were paying 3.35% interest per annum. If the federal government financed this deficit through 10-year notes, how much would it have to pay back in 2020? How much was the interest?
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