What are the two most important factors in calculating your credit score?
a. Payment history and type of account
b. Amounts owed and length of credit history
c. Payment history and amounts owed
d. Lengths of credit history and new credit inquiries
Answer: c. Payment history and amounts owed
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Diversification into new industries merits strong consideration when a single-business company encounters diminishing market opportunities and stagnating sales in its principal business.
Indicate whether the statement is true or false
Sam wishes to invest $8,000 into an account earning 6% compounded annually. If he invests the money today, how much will be in the account in 6 years?
If he waits three years before investing his $8,000 and invests that money for three years, will he earn one-half of the interest earned in the first scenario since he had the same amount invested at the same rate but for only one-half of the time? Explain how you arrived at your answer. What will be an ideal response?