Larrys personal balance sheet shows ($1,200) in credit card debts; a savings account of ($550;) and personal

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Larry’s personal balance sheet shows \($1,200\) in credit card debts; a savings account of \($550;\) and personal property amounting to \($3,700\) in rare stamps. Recently he was promoted at his part-time job. Because of that and because he made an effort to reduce his expenses, he had a positive cash flow of \($600\) last month. He asks what you think he should do with the surplus cash.

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