Maggie provided the following Debt Summary for you. Utilize the Debt Reduction Calculator Excel Spreadsheet provided to review the various Debt Payoff Options. You will NOT need to upload your Excel Spreadsheet with this Word Document for Unit 4.2 and 4.3 Pro'ect. Balance $55,000 $25,000 $2,500 $5.000 $4,200 $2.100 What is the Debt Payoff Timeline and Total Interest Paid if Nate utilizes the Snowball Method? What is the Debt Payoff Tirneline and Total Interest Paid if Nate utilizes the No Snowball Method? What is the Debt Payoff Timeline and Total Interest Paid if Nate utilizes the Highest Interest First Method? Nate has been offered a Debt Consolidation Loan of $14,000 with a 11% interest rate that will be paid back over 5 years. How would this change Nate's Debt Payoff Timeline and Total Interest Paid? Create dialogue explaining which Debt Payoff Plan you would utilize for Nate and if it includes the Debt Consolidation Loan. Interest Rate 6.5% 8.25% 17% 29% 22% 8% Using the Snowball Method, Nate would need to pay off all of his obligations over the course of about 224 months, or 18.7 years. The interest paid overall would come to roughly $16,175.