Your FICO score makes a big difference in how lemders determine what interest rate to charge you. Consider the situation faced by Edward and Jorge. Edward had a fairly poor FICO score of 660 and as a result pays 19.0% APR on the unpaid balance of his credit card. Jorge had a score of 740 and pays only 7.4% APR on the unpaid balance on his credit card.. If both persons carry and average balance of $2,500 on their credit cards for three years. how much more money will Edward repay compared to what jorge owes.( moral you want a high FICO score) Assume monthly compouding interest.

Edward will repay $ ______ more