from -$2,731.17 to $4,013.40 (a negative number
indicates paying more interest, i.e. negative savings).
The first year’s dollar savings in interest payment across
the level of information search are presented in Table 4.
Confirming the effect of search, the revolvers who
searched a great deal “saved” the largest sum of money,
$36.18, in interest payments, while those who did not
search at all paid $30.75 more for their interest charges.
However, among the other borrowers who searched a
little to a good amount, the relationship between the
dollar savings in interest payment and the extent of
search is less obvious.