The above are debts you owe, the annual interest rates for those debts and the monthly payment. If you only make the minimum payment for each of these debts. How many months will you be in debt assuming once you pay off any of the debts you DO NOT use that extra amount to pay off the other unpaid loans.

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Debts Debt MasterCard Visa Car Interest Rate Current Balance Minimum Payment 19.9% $600 23.95% $2,545 $16,800 $18,400 $1,015 $3,000 $5,000 4.8% Student Loan 6.8% Electronics Store 22.65% Loan from Dad 0% Knee Surgery 6.2% $22 $60 $465 $220 $29 $20 $100 Debts Debt MasterCard Visa Car Interest Rate Current Balance Minimum Payment 19.9% $600 23.95% $2,545 $16,800 $18,400 $1,015 $3,000 $5,000 4.8% Student Loan 6.8% Electronics Store 22.65% Loan from Dad 0% Knee Surgery 6.2% $22 $60 $465 $220 $29 $20 $100

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