Launch: Paying Off Large Debts: Difference between revisions

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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” }}