response
December 12, 2022
week 11
December 12, 2022

FIN-210-PERSONAL FINANCE

Financial Portfolio Project: Part 4Assessment DescriptionThe purpose of this assignment is to determine how different credit scores will impact a purchase. Think about how Jamie Lee Jackson’s scenario, located in Connect, applies to your daily life. Try a website such as bankrate.com or other similar websites to view interest rates. Write a 200-300-word summary discussing the following items.1. How can you determine and track your credit score? Describe why it is important to maintain good credit.2. What is the interest rate for a vehicle loan if you have a 600-credit level score? What is the interest for a 750-credit level score?3. What is the total price of a $25,000.00 automobile, over the life of the loan, financed for 5 years, based on the two different interest rates you found? Assume that you have no trade-in or money for a down payment.4. How is an auto loan different from a credit card purchase?APA style is not required, but solid academic writing is expected.You are required to submit this assignment to LopesWrite for similarity scores and Plagiarism Check.

 
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