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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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