Solve the Problem. -Suppose That the Federal Debt Increases at an Annual Rate

question 218

Multiple Choice

Solve the problem.
-Suppose that the federal debt increases at an annual rate of 3% per year. Use the compound interest formula to determine the size of the debt in 20 years. Assume that the current size of the debt is $17
Trillion.

• A)$32.3 trillion
• B)$30.7 trillion
• C)$28.8 trillion
• D)$36.4 trillion

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Definitions:

FileNotFoundException

A specific type of exception in many programming languages, including Java, that is thrown when an attempt to access a file that does not exist or cannot be opened occurs.

Zero-Argument Constructor

A zero-argument constructor is a type of constructor method in object-oriented programming that does not take any parameters, used to create objects with default settings or values.

GetMessage

A method typically found in exception handling that returns the detail message string of the thrown exception.

Zero-Argument Constructor

A constructor method in a class that does not require any parameters to create an instance of the class.