1. Good Deal Credit Union is offering a $15,000 4-year loan with the APRs determined by your FICO credit score. Assume your credit score is 710. How much would your monthly payment be? Please fill in the boxes below:

PV	FV	Rate	Periods	Payment

2. What will you pay in total interest over the life of the loan? (Based on the answer above, round to the nearest cent to calculate this answer)

Monthly $	Total Repaid (monthly paymt x 48)	Amt Borrowed	Total Interest

3. How much more would you have to pay a month if your FICO score was 100 points lower because you never miss a credit card payment anymore?

PV	FV	Rate	Periods	Payment

You would pay: $__________ less per month.

4. How much less over the life of the loan did the scenario in #3 cost you over the scenario in #1?