Question: Please help me with option c, the answer is not 1,545. Thanks. HW 8: Behavioral Economics [2)(l 0 Help Save 8: Exit Submit Check my
Please help me with option c, the answer is not 1,545.
Thanks.

HW 8: Behavioral Economics [2)(l 0 Help Save 8: Exit Submit Check my work ode: his shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Return to question Jamie is saving for a trip to Europe. She has an existing savings account that earns 2 percent annual interest and has a current balance of $4.500. Jamie doesn't want to use her current savings for vacation. so she decides to borrow the $1,500 she needs for travel expenses. She will repay the loan in exaclly one year. The annual interest rate is 5 percent. 2 points a. If Jamie were to withdraw the $1,500 from her savings account to nance the trip, how much interest would she forgo? 9 Answer Is complete and ulrract. $ 30.009 b. If Jamie borrows the $1,500, how much wiil she pay in interest? 9 Answer Is complete and correct. 3; 75.009 c. How much more does the trip cost you if you borrow rather than if you dip into savings? 9 Answer I: complete but not entirely correct. it. 1,5459
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