Weighting in determining your credit score

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Reference no: EM131854720

1. Which of the following credit score factors has the greatest % weighting in determining your credit score?

Your payment history

The amount you owe and your available credit

Length of credit history

Types of credit used

New credit

2. Find the accumulated value of $1,000 at the end of the fourth year

if the simple discount rate is 6% per annum,

if the simple interest rate is 6% per annum,

if the effective rate of interest is 6% per annum,

if the annual nominal interest rate is 6% payable quarterly,

if the annual nominal discount rate is 6% compounded monthly, (f) if the constant force of interest is 6% per annum.

Reference no: EM131854720

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