A credit report has the following accounts open with the balance, credit limit, and duration of time each account has been open. Car Loan 3 Years 4 Months Credit Card 1 1 Month Balance: $500 Limit: $1000 Credit Card 2 4 Years 11 Months Balance: $500 Limit: $10,000 Credit Card 3 2 Years 2 Months Balance: $4500 Limit: $5000 Calculate the average credit age. Group of answer choices 2.6 Years 2.8 Years 2 Years 2.7 Years
A credit report has the following accounts open with the balance, credit limit, and duration of time each account has been open. Car Loan 3 Years 4 Months Credit Card 1 1 Month Balance: $500 Limit: $1000 Credit Card 2 4 Years 11 Months Balance: $500 Limit: $10,000 Credit Card 3 2 Years 2 Months Balance: $4500 Limit: $5000 Calculate the average credit age. Group of answer choices 2.6 Years 2.8 Years 2 Years 2.7 Years
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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A credit report has the following accounts open with the balance, credit limit, and duration of time each account has been open.
| Car Loan | 3 Years 4 Months |
| Credit Card 1 |
1 Month Balance: $500 Limit: $1000 |
| Credit Card 2 |
4 Years 11 Months Balance: $500 Limit: $10,000 |
| Credit Card 3 |
2 Years 2 Months Balance: $4500 Limit: $5000 |
Calculate the average credit age.
Group of answer choices
2.6 Years
2.8 Years
2 Years
2.7 Years
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