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Mathematics 85 Online
TheJag18:

(Credit Scores MC) Review the information given based on a principal balance of $8,000 to answer the question: FICO Score Simple Interest Rate Total # of Payments Total Amount Paid 800–850 12% 29 $9,256.00 740–799 15% 33 $9,812.00 670–739 18% 38 $10,554.00 580–669 21% 48 $11,891.00 300–579 28% 60 $14,945.00 Calculate how much more a household with a credit score of 525 will pay compared to a household with a credit score of 675. $4,391 $1,337 $2,604 $3,491

Phantomdex:

Alright, soy our answer should be 171.9% So what you want the percent increase in the interest paid on an $8000 loan for a credit score of 550 instead of 735 . Make sense?

Phantomdex:

Wait a damn minute.....What did I even put I was looking at the wrong thing lol

Phantomdex:

Uno momento

Phantomdex:

Alright so I screwed up, your answer should be A: $4,391.

TheJag18:

thank you :)

Phantomdex:

No problem ^^

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