If the interest rate on U.S. Treasury debt is 4.5 percent, how much interest do state and local governments collect each

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answerhappygod
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If the interest rate on U.S. Treasury debt is 4.5 percent, how much interest do state and local governments collect each

Post by answerhappygod »

If the interest rate on U.S. Treasury debt is 4.5 percent, how
much interest do state and local governments collect each year from
the U.S. Treasury? (Assume a total debt of $21
trillion.) The percent of debt held by the state and local
governments is 3 percent.
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