Georgia has graduated now and has decided to repay on her debts so she can...
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Georgia has graduated now and has decided to repay on her debts so she can live debt-free. She owns some small-amount loans and some large-amount loans. Georgia chose to adopt the "Snowball method" to reduce her debts. Which of the following statements is correct in the context of Georgia's strategy? a- G paid the minimum payments on each loan. b- G paid the interest on all the loans first. c- G paid smallest loan first. d- G paid largest loan first.
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