You are in need of a $7,500 loan, which you plan to repay over 5 years. Your credit score is currently 690. Using the rates and
the online calculator below, determine how much your savings would be if your credit score were 700 instead of 690.
1 answer:
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Answer: d) 0.9693
<u>Step-by-step explanation:</u>
refer to the z-table attached.
The table shows the percent from the MEAN. The percent below the mean is 50% so that needs to be added to the value in the table.
Look on the left side for 1.8 and the top for 0.07 (which is 1.87).
The value is 0.4693 --> add 0.5 to that value to get 0.9693.
