# Finance

Present Value of an Annuity Sandra and Regina earn the same salary. However, Regina has been far more financially responsible. She pays her bills on time and pays off her credit card debt quickly. Sandra had been less financially responsible. She often buys too many shoes and has allowed her credit card balance to balloon. If she is short on cash for a month, she simply decides to not even pay the minimum balance due on her credit card. Now they both are looking to buy apartments. Regina decides she can afford to make \$3,500 payments, but Sandra can only make \$1,500 payments and pay off her credit card debt, too. Regina qualifies for a 6 percent, 30-year mortgage, but because of her bad credit rating Sandra will be charged 7.5 percent on a 30-year mortgage. Both will put 20 percent down. How is Sandra's bad credit going to impact her apartment search?

1. 👍 0
2. 👎 0
3. 👁 206

## Similar Questions

1. ### Kennedy King

Present Value of an Annuity Sandra and Regina earn the same salary. However, Regina has been far more financially responsible. She pays her bills on time and pays off her credit card debt quickly. Sandra had been less financially

asked by Dj on October 12, 2014
2. ### Math

Regina buys eggs at the local supermarket. They are sold in different quantities and at different prices. The quantities and prices are shown. Brand A: 6 eggs \$1.77 Brand B: 12 eggs \$3.75 Brand C: 18 eggs \$5.24 Brand D: 24 eggs

asked by REEEEE on October 16, 2017
3. ### Math

Monica has 8 more 3 times the number of marbles Regina has. If Regina has r marbles, how many does Monica have? __________ marbles If Regina has 12 marbles , how many dies Monica have? ________ marbles PLEASE HELP!

asked by Maryam on December 14, 2011
4. ### Physics

A small aircraft has a flying speed of 200 km/h in still air. To make a trip from Saskatoon to Regina, a straight line distance on the map of 250 km, a pilot must first determine the wind velocity and then calculate what direction

asked by Matt on October 25, 2011
5. ### math

Regina has a bag of 6 orange marbles and 6 black marbles. She picks a marble at random and then puts it back in the bag. She does this 24 times. The results are shown in the table. Determine the percent error of pulling a black

asked by lucy on February 13, 2020
1. ### grammar

usage of the colon in a sentence. 1a. I just bought CDs by Regina Spektor, John Legend, and Prince. 1b. I just bought: CDs by Regina Spektoe, John Legend, and Prince. I believe the second one is incorrect because the first one

asked by Dorothy on November 30, 2008
2. ### Math

Regina has a bag of 6 orange marbles and 6 black marbles. She picks a marble at random and then puts it back in the bag. She does this 24 times. The results are shown in the table. Outcome Tally Orange 10 Black 14 Determine the

asked by Name on February 14, 2020
3. ### Math

PLEASE HELP!! Regina has a bag of 6 orange marbles and 6 black marbles. She picks a marble at random and then puts it back in the bag. She does this 24 times. The results are shown in the table. Outcome Tally Orange 10 Black 14

asked by sTicKs -w- on February 13, 2020
4. ### math. compounding interest

regina deposits 3500 in a savings account that pays 7 1/2 % interest , compounded semiannually. how much interest does the account earn in the first 6 months?

asked by Anonymous on May 5, 2016
5. ### latin

what is a derivative of regina

asked by maureen on November 7, 2012

More Similar Questions