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urgent help needed ! Thanx Objective: The purpose of this activity is to design a plan to reduce debt using the debt snowball Directions Create
urgent help needed ! Thanx
Objective: The purpose of this activity is to design a plan to reduce debt using the debt snowball Directions Create a plan to pay off the debt in the least amount of time possible. Organize the order of payments to create a debt snowball Car 4.8% $16,800 $465 MasterCard 19.9% $600 $22 Visa 23.9% $2,545 S60 Student Loan 6.8% $18,400 $220 Electronics Store Card 22.6% S1,015 $29 Loan from Dad 0% $3,000 $20 Knee Surgery 6.2% $5,000 $100 Once the debts are ordered, answer these questions 1. If only the minimum payments are made, how much is going toward debt monthly? 2. How much money is left over for living expenses per month? Assume this person makes a gross income of S40,000 and pays 20% for taxesStep by Step Solution
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