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Suppose the annual debt rate is increasing at a set annual rate. Use the Compound Interest Calculator for Interest Paid n Times per Year from
Suppose the annual debt rate is increasing at a set annual rate. Use the Compound Interest Calculator for Interest Paid n Times per Year from the qr financial management spreadsheet to calculate the size of the debt in the future. Select a number of years and use a few different annual rates to compare differences in the amount of deficit spending. Use the values in the charts provided to start your calculations. Explain how the much difference the different rates you used make on the rate of growth in the deficit.
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