Question

debt type | amount | interest rate | monthly payment
credit card | $12,000 | 26.9% | based on your balance
private student loan | $25,745 | 10.5% | $347
auto loan | $10,392 | 5.59% | $410
mortgage | $100,197 | 7.08% | $750

part i: reviewing debt plans
1 go to the debt repayment calculator and enter the above information. then, click
ext step\

• for credit cards, be sure to toggle the \this is a credit card\ button so the monthly payment is calculated correctly

2 what is your total debt?

Explanation:

Step1: Sum all debt amounts

$\$12,000 + \$25,745 + \$10,392 + \$100,197$

Step2: Calculate the total

$\$12,000 + \$25,745 = \$37,745$
$\$37,745 + \$10,392 = \$48,137$
$\$48,137 + \$100,197 = \$148,334$

Answer:

$\$148,334$