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tensa zangetsu [6.8K]
3 years ago
13

In recent years, the Federal government’s top three uses of funds were approximately _____ % for income security and pensions, _

_____ % for health, and _____ % for national defense.
Business
1 answer:
Basile [38]3 years ago
6 0

Answer:

The correct numbers for the blank spaces are: 23; 21,7; 18,8.

Explanation:

According to the Congressional Budget Office, in 2009 the United States Government destined 18,8% of the national budget to national defense, 23% for social security (retirement benefits), 21,7% in health care (Medicaid and Medicare), 5,3% in Interest of Federal Debt, and 33,8% in other spending such as education, public transportation, and housing.

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Answer:

$544.265

Explanation:

Given:

FV = $1,000

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Required:

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Use the formula:

PV = FV * PVIF(I/Y, N)

Thus,

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