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DIRECTIONS: Complete 1 & 2 below.

1) Read each debt situation below and write on line to the left the order to pay off each debt . HINT: Pay the debt with the hghest interest rate off first..

2) Open the Simple Loan Calculator in the student-shared/…/-Activities folder, use Option D calculator and Solve for the Total Interest and the. Term of the Loan Write your anwers under each debt situation.

Due at the end of the mod.

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1) State the order to pay off each debt. (1-5)

Term of Loan: Total Interest:

Term of Loan: Total Interest:

Term of Loan: Total Interest:

Term of Loan: Total Interest:

Term of Loan: Total Interest:

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