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Let's say you're trying to pay back the average university student debt of $32,000.

Ideally, you want to pay the least amount of interest (extra $ to the bank).

Using your intuition, guess which option is better in each case. You will confirm your guesses on the next slides.

It's better to pay off the loan in...

5 years or 10 years

It's better to make payments...

monthly or bi-weekly

It's better to make monthly payments of...

$500 or $1000

It's better to choose a loan with an annual interest rate of ...

4% or 8%

PART 3 - Annuities Let's say you're trying to pay back the average university student debt of $32,000. Ideally, you want to pay the least amount of interest (extra $ to the bank). Using your intuition, guess which option is better in each case. You will confirm your guesses on the next slides. It's better to pay off the loan in... 5 years 10 years It's better to make payments... Monthly Bi-weekly It's better to make monthly payments of... $500 $1000 It's better to choose a loan with an annual interest rate of ... 4% 8% PART 3 - Annuities Let's say you're trying to pay back the average university student debt of $32,000. Ideally, you want to pay the least amount of interest (extra $ to the bank). Using your intuition, guess which option is better in each case. You will confirm your guesses on the next slides. It's better to pay off the loan in... 5 years 10 years It's better to make payments... Monthly Bi-weekly It's better to make monthly payments of... $500 $1000 It's better to choose a loan with an annual interest rate of ... 4% 8%

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