Launch: Paying Off Large Debts

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Launch: Present students with a fictional scenario: They owe $10,000 in student loans with varying interest rates and monthly payment options. They must create a repayment plan, considering how to minimize interest and pay off the debt efficiently.

Socratic Questions: 

   What factors did you consider when choosing your repayment strategy?
   How does interest affect the total amount you pay over time?
   What are the benefits and challenges of paying off debts quickly versus slowly?

Challenge: “The Debt Payoff Challenge”

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