As of August 2018, the US national debt was $20 trillion. Suppose that we decide as a nation to (i) stop adding to the debt, effective immediately, and (ii) be debt free in 25 years. How much would we need to pay each year, assuming an interest rate of 6%, compounded annually?
A) $2.433 trillion
B) $1.564 trillion
C) $0.837 trillion
D) $1.252 trillion

The answer is B) $1.564 trillion

Explanation:

PV of annuity = P[(1-(1.06)^-25) /0.06)]

20 trillion = P[(1-(1.06)^-25) /0.06)]

20 trillion = 12.78P

P = $1.564 trillion

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the correct answer is - no.

winnipeg, canada, is not further away from the equator than moscow, russia, in fact moscow is the city that is further away from the equator. moscow is on a latitude of 55.7558° north, while winnipeg is on a latitude of 49.8951° north, thus putting moscow by 5.8607° further away from the equator than winnipeg is.