1. select the most likely outcome of making only on-time minimum payments to a credit card with a balance for an entire year? your credit score will suffer because making minimum payments doesn't count as an on-time payment for the 'payment history' portion of the credit score. the credit card will reward you with a lower interest rate once you've made 12 consecutive on-time payments. your payments will have gone mostly towards paying interest and you will still owe the majority of the balance that you had from a year ago. making 12 on-time minimum payments means that your credit card is completely paid off.

Jennifer purchased a house in a brand new development in the outskirts of town. when her house was built, the nearest fire department was nearly 20 miles away. as her neighborhood developed, the density of the community called for a new fire department 1.5 miles away. what effect will the new fire station have on her homeowners insurance premium? a. a new fire department will be more demanding on local taxes. her annual premium will go up. b. the location of a fire department has no bearing on the value of her house. her annual premium will stay the same. c. the new fire department will reduce the risk of financial loss in her home. her annual premium should decrease. d. with a fire department so close (less than 5 miles), financial risk on jennifer’s home practically disappears. she will not need to pay insurance anymore.