ou owe your credit company $25,000 and plan to make no payments on your credit card for 1.0 year. Due to your current credit score, your credit card company charges you an APR of 30.0%. If, however, you took immediate measures to improve your credit score by 100points, your credit card company agrees to improve your APR by 5.0%. Assuming you are then unable to make any payments for 12 months, how much money would you save by taking immediate actions to improve your credit score

$‭1,603.93‬

Explanation:

APR is monthly so figures have to be adjusted to monthly figures for a year.

If you fail to improve your credit score, the interest you will pay is:

= 25,000 * [(1 + 30%/12)¹² - 1]

= $8,622.22

If you improve your credit score, your APR will decrease to 25.0% from 30%.

Interest paid would be:

= 25,000 *  [(1 + 25%/12)¹² - 1]

= $7,018.29

Savings = 8,622.22 - 7,018.29

= $‭1,603.93‬

answer; i believe that the correct answer is ( owners investment)

hi,

henry is an economist and wants to understand the relationship between inflation and consumer spending habits. for his research, he needs the consumer price index for 2014 and the inflation rate. based on the prices of goods given, what will he find to be the cpi and inflation rate for 2014? assume that a consumer’s basket for three consecutive years consists of the following:

you dont privide answer choices.

answer - 15% of a inflatation rate is 15% less in cpi