?

Amy and Ben are a married couple aged 30 and 32 respectively, they are concerned about their
heavy debt load as below:

I. Mortgage (interest at 4.5% p.a.): $2,000,000

II. Unsecured credit line (interest at 6.5% p.a.): $15,000

III. Amy’s student loan (interest at 10% p.a.): $40,000

IV. Amy’s credit card balance (interest at 18% p.a.): $10,000

Their goal is to pay off their mortgage loan as quickly as possible. List, from the FIRST to the
LAST, the order in which their debt should be paid off that will be the MOST cost-effective for
them.