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This case is designed to help familiarize each of you with the management of short-term cash and debt management. Please show your calculations on Excel

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This case is designed to help familiarize each of you with the management of short-term cash and debt management. Please show your calculations on Excel or Word and submit via Moodle, no later than Monday, October 28, 2019 (11:59 p.m.). Kristen and Marc would like you to help them address some of their financial goals. Currently they carry three credit cards and would like to you to help them prioritize and pay off their debt. 1. They would like to pay off all of their credit card debt within the next 18 months. a. How much do they have to pay off monthly to fulfill their goal? b. Which credit card should they start paying off first? Why? This case is designed to help familiarize each of you with the management of short-term cash and debt management. Please show your calculations on Excel or Word and submit via Moodle, no later than Monday, October 28, 2019 (11:59 p.m.). Kristen and Marc would like you to help them address some of their financial goals. Currently they carry three credit cards and would like to you to help them prioritize and pay off their debt. 1. They would like to pay off all of their credit card debt within the next 18 months. a. How much do they have to pay off monthly to fulfill their goal? b. Which credit card should they start paying off first? Why? Additional Information: The MasterCard is used regularly and pays off their monthly minimum payments as a cash advance. MasterCard VISA Discover Balance $ 2,389 $ 8,413 $12.198 APR 11.87% 19.10% 24.10% Payment Minimum is 3% Minimum is 3.5% Minimum is 3%

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