Decide Whether the Statement Makes Sense

question 131

Multiple Choice

Decide whether the statement makes sense. Explain your reasoning.
-In 2013, the United States publicly held debt was $17 trillion. Use the loan payment formula to determine the annual payments needed to pay this debt off in 10 years. Assume an annual interest
Rate of 3%.

• A)$1993 billion
• B)$1987 billion
• C)$2014 billion
• D)$2002 billion

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Definitions:

Jerome Singer

Jerome Singer is a psychologist known for his research in the areas of imagination, daydreaming, and the development of cognitive theories of emotion and personality.

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