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Select the correct text in the table.

Devon's current financial goals are to reduce his credit card debt, start a retirement plan, and save for a down payment on a house.

Which SMART goal attribute in the table applies to each of Devon's financial goals?

\begin{tabular}{|l|c|}
\hline \multicolumn{1}{|c|}{ Goal } & \multicolumn{1}{c|}{ Attribute } \\
\hline Reduce credit card debt by 10\%. & specific, timely \\
\hline Open a [tex]$401(k)$[/tex] retirement plan next week. & timely, measurable \\
\hline Save [tex]$\$[/tex]30,000$ for a down payment on a house. & timely, measurable \\
\hline
\end{tabular}



Answer :

GinnyAnswer
To appropriately attribute Devon's financial goals to the SMART criteria elements (Specific, Measurable, Achievable, Relevant, Time-bound), you can break down each financial goal and relate it to the corresponding goals in the table.

1. Reduce his credit card debt: The table provides "Reduce credit card debt by 10%," which is specific ('reduce by 10%') and timely (it implies a time frame to achieve the goal).

2. Start a retirement plan: The table provides "Open a [tex]$401(k) retirement plan next week," which is timely ('next week') and measurable ('open a $[/tex]401(k) retirement plan,' which can be measured as done or not done).

3. Save for a down payment on a house: The table provides "Save [tex]$30,000 for a down payment on a house," which is timely (a specific amount of money needs to be saved, implying a time frame to achieve it) and measurable (the goal amount is specified as $[/tex]30,000).

Thus, the correct text in the table has been applied as follows:

1. Reduce credit card debt by 10%. & specific, timely
2. Open a [tex]$401(k) retirement plan next week. & timely, measurable 3. Save $[/tex]30,000 for a down payment on a house. & timely, measurable

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