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Suppose the federal debe increases at an annual rate of 1% per year. Use the compound interest formula to determine the size of the debt

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Suppose the federal debe increases at an annual rate of 1% per year. Use the compound interest formula to determine the size of the debt in 5 years and in 63 years. Assume that the current size of the debt (the principal for the compound interest formula) is $9 trillion The debt after years is projected to be trillion dollars. Round to one decimal place as needed) The debatter 63 years in projected to be ton dolars Round lone decimal place as needed)

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