What timeline should be used for debt repayment?
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What time line or gauge should be used for a debt repayment schedule?
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This solution explains the timeline or gauge that should be used for a debt repayment schedule. Additional student resources are provided for further student expansion.
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There are a few elements that should be considered when drafting a debt repayment schedule. Management (or the individual, if this deals with individual debt) should determine how much of the debt can be safely repaid each month. Safely is the key word in this situation. The company has to consider the amount of cash outflows aside from the ...
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