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Debts Debt Interest Rate Current Balance Minimum Payment MasterCard 19.9% $600 $22 $2,545 $60 $16,800 $465 $18,400 $220 Visa 23.95% Car 4.8% Student Loan 6.8%
Debts Debt Interest Rate Current Balance Minimum Payment MasterCard 19.9% $600 $22 $2,545 $60 $16,800 $465 $18,400 $220 Visa 23.95% Car 4.8% Student Loan 6.8% Electronics Store 22.65% Loan from Dad 0% Knee Surgery 6.2% $1,015 $29 $3,000 $20 $5,000 $100 The above are debts you owe, the annual interest rate for those debts and the monthly payment. If you make the the minimum monthly payment that is due now and you continue to make that same payment each and every month (assume that when you pay off a debt you use the remaining amount to pay on the other loans), How many months will you be in debt using a snowball method
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