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Lucy reviews the steps and indicates she would like to give it a try. She shares her debts with you Credit card, balance ls 56.200, mnimum payment is $50, interest rate is SN. Car loan, balanceis S8100, peyment is 5469, and interest rate is IN. Student Loan, balance is $17,000, payment if S400, interest rate is 7. Education Line of Credit, balance is $20,000, payment is $500, and interest rate is 6.5%. Per step 3 in the Debt Elimination Process, find the remaining time for Lucy's debts. Monthly Payment Remaining Debt Interest Rate Monthly Rate Balance Months Total Monthly Payments

Lucy reviews the steps and indicates she would like to give it a try. She shares her debts with you Credit card, balance ls 56.200, mnimum payment is $50, interest rate is SN. Car loan, balanceis S8100, peyment is 5469, and interest rate is IN. Student Loan, balance is $17,000, payment if S400, interest rate is 7. Education Line of Credit, balance is $20,000, payment is $500, and interest rate is 6.5%. Per step 3 in the Debt Elimination Process, find the remaining time for Lucy's debts. Monthly Payment Remaining Debt Interest Rate Monthly Rate Balance Months Total Monthly Payments

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Lucy reviews the steps and indicates she would like to give it a try. She shares her debts with you, Credit card, balance is $6,200, minimum paynent is $s0, interest rate is 5%. Car loan, balance is s8,100, payment is 5469, and interest rate ls 1%. Student Loan, balance is $17,000, payment if $400, interest rate is 7K. Education Line of Credit, balance is $20,000, payment is $500, and interest rate is 6.5%. Per step 3 in the Debt Elimination Process, find the remaining time for Lucy's debts. Remaining Monthly Payment Debt Interest Rate Monthly Rate Balance Months Total Monthly Payments
Transcribed Image Text:Lucy reviews the steps and indicates she would like to give it a try. She shares her debts with you, Credit card, balance is $6,200, minimum paynent is $s0, interest rate is 5%. Car loan, balance is s8,100, payment is 5469, and interest rate ls 1%. Student Loan, balance is $17,000, payment if $400, interest rate is 7K. Education Line of Credit, balance is $20,000, payment is $500, and interest rate is 6.5%. Per step 3 in the Debt Elimination Process, find the remaining time for Lucy's debts. Remaining Monthly Payment Debt Interest Rate Monthly Rate Balance Months Total Monthly Payments
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