Answered

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The snowball debt reduction strategy involves paying off debts starting with the highest interest rate.

A. True
B. False

Sagot :

GinnyAnswer

Final answer:

The snowball debt reduction strategy involves paying off debts starting with the highest interest rate.


Explanation:

The snowball debt reduction strategy involves paying off debts by starting with the highest interest rate first. This method can help save money on interest payments and accelerate the debt repayment process. By focusing on high-interest debt, individuals can become debt-free quicker and pay less overall.


Learn more about Debt reduction strategy here:

https://brainly.com/question/42253293


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