Which of the following is true if a person with a high credit score?
a): they are more likely to pay bills on time.
b): they are less like to pay off debts.
c): they probably have a high balance on multiple credit cards.
d): both b and c are correct.

Carey company is borrowing $225,000 for one year at 9.5 percent from second intrastate bank. the bank requires a 15 percent compensating balance. the principal refers to funds the firm can effectively utilize (amount borrowed − compensating balance). a. what is the effective rate of interest? (use a 360-day year. input your answer as a percent rounded to 2 decimal places.) b. what would the effective rate be if carey were required to make 12 equal monthly payments to retire the loan?