Questions 1 - 12 are based on the following scenario.

Rowan is a recent college graduate who accrued credit card debt while in school. Rowan was only able to make minimum payments on his three cards, but now that he has a full-time job, he wants to start paying down a larger share of his debt every month.

Rowan can afford to put $600 toward his credit card payments every month, but he isn't sure how much to pay down on each card. He has three cards with the following in current balance amounts, minimum monthly payments, and APR (interest rates).

Card A: $11,567 current balance; $92 minimum monthly payment; 24.93% APR.

Card B: $2,165 current balance; $25 minimum monthly payment; 14.99% APR.

Card C: $5,812 current balance; $49 minimum monthly payment; 25.95% APR.

Analyze Rowan's repayment options under the snowball and avalanche methods of debt repayment.

Go to the following debt repayment calculator https://undebt.it/debt-snowball-calculator.php

1. Select "Debt Snowball" as the repayment method.
2. Select "Start this month" to answer "When can you start the plan?"
3. Enter the total monthly amount that Rowan can pay off into "Total debt payoff budget"
4. Enter the information for Cards A, B, and C. You will need to click "Add Row" for the second and third cards.
5. Hit "GO"
6. Scroll all the way to the bottom of the output to see the full analysis and answer the following questions.

1)Which card will Rowan pay off first under the snowball method?

2)Under the snowball method, Rowan will pay off his first card after how many months? [Only enter the number in the space provided].

3)How many months will it take for Rowan to pay off all of his credit card debt using the snowball method? [Only enter the number in the space provided].

4)How much total interest will Rowan pay under the snowball method? [Only enter the number in the space provided; do not include a comma or $ sign].

5 Which card will Rowan pay off first under the avalanche method?

6 Under the avalanche method, Rowan will pay off his first card after how many months?

7 How many months will it take for Rowan to pay off all of his credit card debt using the avalanche method?

8 How much total interest will Rowan pay under the avalanche method? [Only enter the number in the space provided

9 Under the repayment method you selected in question 9, how much more will Rowan pay? [Only enter the number in the space provided