Business, 02.03.2020 21:56 drhtgsehg6334

If a country has $100 million of debt, the interest rate on the debt is 10%, and the country does not make any payments on the debt, then at the end of year 3, the debt amount would be:

a. $110 million.
b. $133.1 million.
c. $100 million.
d. $121 million.

Answers: 1

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If a country has $100 million of debt, the interest rate on the debt is 10%, and the country does no...