Today (T=0), you have $10,000 in credit card debt with an APR of 15.0% and your credit card requires no monthly payment. If you could take some actions to increase your credit score by 50 points, your APR would change by 2.5%. HINT: Calculate the EAR and interpret the direction (+/-) of the change in APR. Which statement is most accurate if you plan to make no payments on your credit card over the course of the next year:

A. Opening and immediately closing several new credit cards could improve your credit score by 50 points, thus saving you $250 in credit card interest over the course of the next year.

B. Opening and immediately closing several new credit cards could improve your credit score by 50 points, thus saving you $283 in credit card interest over the course of the next year.

C. Opening and immediately closing several new credit cards could improve your credit score by 50 points, thus saving you $290 in credit card interest over the course of the next year.

D. Resuming regular payments on delinquent accounts could improve your credit score by 50 points, thus saving you $283 in credit card interest over the course of the next year.

E. Resuming regular payments on delinquent accounts could improve your credit score by 50 points, thus saving you $290 in credit card interest over the course of the next year.