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4.F.25 Suppose that the federal debt in 2020 is $14 trilion interest rates remain at the 2016 level of 1.6%, find the annual interest payment

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4.F.25 Suppose that the federal debt in 2020 is $14 trilion interest rates remain at the 2016 level of 1.6%, find the annual interest payment on the debt. How much does the interest payment change with a 0.5-point increase in the interest rate? The interest payment increases from $(billion to $billion (Round to the nearest whole number as needed)

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