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3 years ago

9

Which of the following actions has NO impact on your credit score?

1 answer:

Romashka-Z-Leto [24]3 years ago

8 0

When you inquire about a credit card charge, then it has no impact on your credit score. The correct option among all the options given in the question is option "A". Nowhere around the world can there be any rules that can deduct the credit rating of a person for inquiring about a credit card charge. It would be absolutely ridiculous.

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Find the final amount of money in an account if $ 8 , 000 is deposited at 5 % interest compounded semi-annually and the money is

Vika [28.1K]

Answer: $12477.27

Explanation:

The formula to find the compound amount after t years (compounded semiannually) :-

$A=P(1+\dfrac{r}{2})^{2t}$

Given : Principal amount : P = $ 8,000

Rate of interest : $r=0.05$

Time : 9 years

Now, $A=8000(1+\dfrac{0.05}{2})^{2\times9}$

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The final amount in the account will be $12477.27

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What is the present value of $1,400 a year at a discount rate of 8 percent if the first payment is received 7 years from now and

valentinak56 [21]

Answer:

Present Value = $9,417.69 (Approx)

Explanation:

Given:

Annual payment = $1,400

Total payments = 25

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Computation:

First payment [7 years from now ]

So,

Present Value = $1,400(1/1.08⁶)[1 - (1/1.08)²⁵] / 0.08

Present Value = $1,400[6.72692]

Present Value = $9,417.69 (Approx)

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