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Vlada [557]
1 year ago
15

the 2010 federal budget for the united states includes spending $164 billion to pay interest on the national debt. if this amoun

t is 4.62% of the total budget, what is the total federal budget? (1 billion
Business
1 answer:
Irina-Kira [14]1 year ago
6 0

The total federal budget based on the budgeted interest on national debt is $3550 billion($3.55 trillion)

What percentage of the budget is $164 billion on national budget?

The spending on interest regarding the national debt is 4.62% of the entire federal budget, on that basis, we can convert the 4.62% to what 1% term and multiply that by 100% to ascertain the total federal budget.

4.62% of federal budget=$164 billion

1 % of federal budget=$164 billion/4.62

1 % of federal budget=$35.50 billion

100% of federal budget=$35.50 billion*100

100% of federal budget=$3.55 trillion

Find out more about federal budget on:brainly.com/question/15561900

#SPJ1

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C. Payback is 10 years

Explanation:

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Year Cash-flow     Balance

0        (218,000.00)        (218,000.00)

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2        18,000.00            (168,000.00)

3        21,000.00             (147,000.00)

4         21,000.00             (126,000.00)

5        21,000.00              (105,000.00)

6        21,000.00              (84,000.00)

7        21,000.00               (63,000.00)

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9        21,000.00               (21,000.00)

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