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FNCE 2 1 3 0 _ Finance Lab Assignment Lucy Keller Debt Elimination Lucy Keller is 2 7 years old. She graduated from university a
FNCE Finance Lab Assignment Lucy Keller Debt Elimination Lucy Keller is years old. She graduated from university a couple of years ago. She has a good job earning about $ She has been dating Marcus for about a year now. While she is not sure where her relationship with Marcus will go she definitely wants to get married and start a family before she is years old. One of Lucys concerns is the amount of debt she has. She would really like to pay off her debt before she gets married as she does not want to bring the debt into a marriage. She has come to you for help in developing a strategy for eliminating her debt. You have a debt elimination process that you know from experience will work. It is a sixstep process and you begin by sharing with Lucy the six steps; Please write in the Sixstep Debt Elimination Process we covered in class. Lucy reviews the steps and indicates she would like to give it a try. She shares her debts with you; Credit card, balance is $ minimum payment is $ interest rate is Car loan, balance is $ payment is $ and interest rate is Student Loan, balance is $ payment if $ interest rate is Education Line of Credit, balance is $ payment is $ and interest rate is Per step in the Debt Elimination Process, find the remaining time for Lucys debts. Debt Interest Rate Monthly Rate Balance Monthly Payment Remaining Months Total Monthly Payments This is the part of the questions, please fill in the charts of the questions in the attached image
FNCE Finance Lab Assignment
Lucy Keller Debt Elimination
Lucy Keller is years old. She graduated from university a couple of years ago. She has a good job earning about $ She has been dating Marcus for about a year now. While she is not sure where her relationship with Marcus will go she definitely wants to get married and start a family before she is years old. One of Lucys concerns is the amount of debt she has. She would really like to pay off her debt before she gets married as she does not want to bring the debt into a marriage. She has come to you for help in developing a strategy for eliminating her debt.
You have a debt elimination process that you know from experience will work. It is a sixstep process and you begin by sharing with Lucy the six steps;
Please write in the Sixstep Debt Elimination Process we covered in class.
Lucy reviews the steps and indicates she would like to give it a try. She shares her debts with you; Credit card, balance is $ minimum payment is $ interest rate is Car loan, balance is $ payment is $ and interest rate is Student Loan, balance is $ payment if $ interest rate is Education Line of Credit, balance is $ payment is $ and interest rate is
Per step in the Debt Elimination Process, find the remaining time for Lucys debts.
Debt
Interest Rate
Monthly Rate
Balance
Monthly Payment
Remaining Months
Total Monthly Payments
This is the part of the questions, please fill in the charts of the questions in the attached image
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