Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Goal The goal is to eliminate a credit card debt of $2,000. The problem or challenge is to formulate an action plan to eliminate the
Goal The goal is to eliminate a credit card debt of $2,000. The problem or challenge is to formulate an action plan to eliminate the debt within the time frame of two years. This includes not accruing additional debt in the meantime. The obstacles to overcome are staying within your budget while paying off the debt in the given time frame. Role You are a young adult with a monthly take home pay of $1,500. After expenses for housing, food and transportation you are left with $650 per month. Remember that this is your pocket money for the month. Audience You need to convince a credit agent that is helping you get out of debt with your action plan that it will work. Situation The challenge involves taking a good look at your budget to determine how much you can put towards the debt monthly. Product, Performance, and Purpose You will create an action plan in order to pay off the debt within two years. Remember that interest accrues monthly on a credit card. Standards and Criteria for Success Your product must meet the following standards: You must formulate the plan yourself, using sources that you cite. You must outline
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started