Amy Summers Debt Management Assignment Using the information provided below and credit payoff tool , identify a debt repayment plan to be presented to Amy. The final plan should be entered in to the debt payoff template with Action Steps for Amy to follow. Amy Summers has come to your office for advice regarding a debt repayment plan. Amy is a single mom who recently completed nursing school. Unfortunately, she supported herself and her child largely through use of debt while she was attending school and could work only part time. Now that she has finished school, she is earning enough to live comfortably and can put some extra money toward paying off her debts instead of just paying the minimum payments each month as she has been doing over the past several years. Amy would like you to help her develop a repayment plan that will achieve two specific goals; 1) minimize the amount of interest paid, and 2) pay off her debts as quickly as possible. The following is a list of Amy's current debts. Amy believes that she can pay a total of $785 per month toward her debts. - JC Penny's credit card: - Current balance is $5.635 a Interest rate of 17.55% - Minimum payment is $82.50 - Walmart credit card: - Current balance is $3,275 - Interest rate of 12.99% a. Minimum payment is $46.50 - Citibank credit card: Current balance is $8,130 - Interest rate of 13.25% - Minimum payment is $165 - Citibank credit card: - Current balance is $8,130 - Interest rate of 13.25% - Minimum payment is $165 - Chase credit card: - Current balance is $880 - Interest rate is 9.99% - Minimum payment is $14.25 - Personal loan from credit union: - Borrowed $10,000 at 8% for 5 years. - She has already made 1 monthly required payment of $202.76. - Student loan: - Balance $9.100 at 6.8% - The first payment of $101.14 is due this month. 1) immediately begin ... 2) Noxt 3) Then - 4) Flus 5) findly pared for Amy Summers by Debt Reduction Plan Beginning Date 'l- Amy Summers Debt Management Assignment Using the information provided below and credit payoff tool , identify a debt repayment plan to be presented to Amy. The final plan should be entered in to the debt payoff template with Action Steps for Amy to follow. Amy Summers has come to your office for advice regarding a debt repayment plan. Amy is a single mom who recently completed nursing school. Unfortunately, she supported herself and her child largely through use of debt while she was attending school and could work only part time. Now that she has finished school, she is earning enough to live comfortably and can put some extra money toward paying off her debts instead of just paying the minimum payments each month as she has been doing over the past several years. Amy would like you to help her develop a repayment plan that will achieve two specific goals; 1) minimize the amount of interest paid, and 2) pay off her debts as quickly as possible. The following is a list of Amy's current debts. Amy believes that she can pay a total of $785 per month toward her debts. - JC Penny's credit card: - Current balance is $5.635 a Interest rate of 17.55% - Minimum payment is $82.50 - Walmart credit card: - Current balance is $3,275 - Interest rate of 12.99% a. Minimum payment is $46.50 - Citibank credit card: Current balance is $8,130 - Interest rate of 13.25% - Minimum payment is $165 - Citibank credit card: - Current balance is $8,130 - Interest rate of 13.25% - Minimum payment is $165 - Chase credit card: - Current balance is $880 - Interest rate is 9.99% - Minimum payment is $14.25 - Personal loan from credit union: - Borrowed $10,000 at 8% for 5 years. - She has already made 1 monthly required payment of $202.76. - Student loan: - Balance $9.100 at 6.8% - The first payment of $101.14 is due this month. 1) immediately begin ... 2) Noxt 3) Then - 4) Flus 5) findly pared for Amy Summers by Debt Reduction Plan Beginning Date 'l