Assume you have the following debt remaining AFTER you have paid all your minimum payments for the month and you have $500 extra to pay down debts credit card A Citi card credit b Macys student loans furniture loans car loans APR 13 23 5 6 0 3 5 Balance $6,600 $4,400 $6,000 $999 $500 How should you...

To make the most financially smartrational impact on debt reduction you should prioritize paying off ...

Assume you have the following debt remaining AFTER you have paid all your minimum payments for the

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Assume you have the following debt remaining AFTER you have paid all your minimum payments for the month and you have $500 extra to pay down debts:

	credit card A Citi card	credit b Macys	student loans	furniture loans	car loans
APR	13%	23%	5.6%	0%	3.5%
Balance	$6,600	$4,400	$6,000	$999	$500

How should you distribute your money across these bills if you are trying to make the most financially smart/rational impact on debt reduction? Show work in Excel and provide written answer in the word doc for how much $ you would put on each bill.

Related Book For answer-question

Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

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Posted Date: Nov 29, 2023 06:22 AM

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Income Tax Fundamentals 2013

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