You are purchasing a car for $12,465.00 plus 5.65% sales tax. You make a $1,300.00 down payment and have a fair credit score. If you improved your credit score to good and paid $1,500 on your purchase, how much interest could you save in the first month?

Secured Unsecured
Credit APR (%) APR (%)
Excellent 4.75. 5.50
Good 5.00 5.90
Average 5.85 6.75
Fair 6.40 7.25
Poor 7.50 8.40

$13.25

$14.68

$21.74

$25.69

Question

06-01-2021
Mathematics

Answered

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You are purchasing a car for $12,465.00 plus 5.65% sales tax. You make a $1,300.00 down payment and have a fair credit score. If you improved your credit score to good and paid $1,500 on your purchase, how much interest could you save in the first month?

Secured Unsecured
Credit APR (%) APR (%)
Excellent 4.75. 5.50
Good 5.00 5.90
Average 5.85 6.75
Fair 6.40 7.25
Poor 7.50 8.40

$13.25

$14.68

$21.74

$25.69

Sagot :

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