a. Jeeter owes $1,000 on his student loan. The debt is growing at the market interest rate
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b. Jeeter is also concerned about his share of the national debt, which he reckons to be $10,000. He wishes that the government would just tax him today and pay off the debt so that the accumulation of interest will not cause him to have to pay even more tomorrow. What would you suggest that Jeeter do?
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a Jeeter can spend 1000 today to buy a bond He can put the bond in a desk drawer and forget ...View the full answer
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