Answer: 2
explanation: they’re both one place down
Answer:
C
Step-by-step explanation:
Credit Score is a numerical expression which analyzes a person's credit level by looking at this financial conditions. Will he/she be worthy of loan or not.
payment history comprises 35% of a person's credit score. This is a huge factor. If you consistently make your payments on time, your credit score increases.
length of credit history tells how secure you will be to lenders. Usually 7 years+ is a great length of credit history. This pretty much affects credit score.
marital status doesn't affect credit score. Lenders assess a person based on their financial condition and past activity, NOT whether or not he/she is married or not. That's personal agenda.
debt ratio is the ratio of total debt to total assets. If this is high, it means a person owes money to banks/individuals and is more likely to be not given credit. It affects credit score highly.
THus, the correct answer is C
Answer:
The value of annuity is 
Step-by-step explanation:
From the question we are told that
The periodic payment is 
The interest rate is 
Frequency at which it occurs in a year is n = 4 (quarterly )
The number of years is 
The value of the annuity is mathematically represented as
![P_v = P * [1 - (1 + \frac{r}{n} )^{-t * n} ] * [\frac{(1 + \frac{r}{n} )}{ \frac{r}{n} } ]](https://tex.z-dn.net/?f=P_v%20%20%3D%20%20P%20%2A%20%20%5B1%20%20-%20%281%20%2B%20%5Cfrac%7Br%7D%7Bn%7D%20%29%5E%7B-t%20%2A%20n%7D%20%5D%20%2A%20%5B%5Cfrac%7B%281%20%2B%20%5Cfrac%7Br%7D%7Bn%7D%20%29%7D%7B%20%5Cfrac%7Br%7D%7Bn%7D%20%7D%20%5D)
(reference EDUCBA website)
substituting values
![P_v = 250 * [1 - (1 + \frac{0.05}{4} )^{-10 * 4} ] * [\frac{(1 + \frac{0.05}{4} )}{ \frac{0.08}{4} } ]](https://tex.z-dn.net/?f=P_v%20%20%3D%20250%20%2A%20%20%5B1%20%20-%20%281%20%2B%20%5Cfrac%7B0.05%7D%7B4%7D%20%29%5E%7B-10%20%2A%204%7D%20%5D%20%2A%20%5B%5Cfrac%7B%281%20%2B%20%5Cfrac%7B0.05%7D%7B4%7D%20%29%7D%7B%20%5Cfrac%7B0.08%7D%7B4%7D%20%7D%20%5D)
![P_v = 250 * [1 - (1.0125 )^{-40} ] * [\frac{(1.0125 )}{0.0125} ]](https://tex.z-dn.net/?f=P_v%20%20%3D%20%20250%20%2A%20%20%5B1%20%20-%20%281.0125%20%29%5E%7B-40%7D%20%5D%20%2A%20%5B%5Cfrac%7B%281.0125%20%29%7D%7B0.0125%7D%20%5D)
![P_v = 250 * [0.3916 ] * [\frac{(1.0125)}{0.0125} ]](https://tex.z-dn.net/?f=P_v%20%20%3D%20%20250%20%2A%20%20%5B0.3916%20%5D%20%2A%20%5B%5Cfrac%7B%281.0125%29%7D%7B0.0125%7D%20%5D)
He spent exactly 20.25, so it's A.
