Assignment
Build a written debt repayment plan for a real household. List every debt with balance, rate, minimum payment, and payoff month under the chosen method. Model both avalanche and snowball. Choose one and defend the choice in a paragraph.
Deliverables
- — A spreadsheet listing every debt with the required columns.
- — Two full amortization schedules — avalanche and snowball — with total interest and payoff month under each.
- — A one-page written plan naming the chosen method, the monthly extra payment, and the expected debt-free date.
- — A paragraph on which method you chose and why, including at least one honest paragraph about the household's history with financial plans.
Rubric
- — Every household debt is listed and accurate.
- — Amortization schedules reconcile — minimum payment, extra payment, and final month all consistent.
- — The chosen method is defended, not assumed.
- — The plan names a specific monthly extra payment the household can actually afford.
- — The reflection engages honestly with past patterns.
Assignment
Applied work, submitted through your Scholar portfolio.