Lucas spends $83. 42 in additional interest and charges on monthly payments as the result of a prior bankruptcy. If Lucas been able to save this money for the year and then put it into a savings account earning 1. 8% simple interest, how much money could he have in savings after 3 more years? a. $1,649. 72 b. $1,055. 10 c. $1,019. 06 d. $1,001. 4.

Answers

Answer 1

Answer: A

Explanation:

Answer 2

Based on the amount saved monthly and the simple interest earned in 3 years, the amount in savings would be $1,055.10.

The amount saved for the year would be:

= 83.42 x 12 months

= $1,001.04

If this amount was saved at simple interest at 1.8% per year, the amount in 3 years would be:

= Amount + ( Amount x rate x number of years)

= 1,001.04 + (1,001.04 x 1.8% x 3)

= $1,055.10

In conclusion, the account would have $1,055.10

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Related Questions

The penalty for nonqualified distributions from a health savings account (HSA) is __________.

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If you take a non-qualified distribution, you are subject to ordinary income tax on the distribution and a 20% penalty tax. The penalty may not apply: if you are age 65 or older, if you are disabled or.

quadratic interest rate volatility and inflation hedge

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According to the United States Security Exchange, Quadratic interest rate volatility and inflation hedge strive to waver the risk of increasing long-term interest rates, rising inflation and inflation expectations, and an upswing in interest rate volatility while delivering inflation-protected income.

The Quadratic interest rate volatility and inflation hedge have various fees and expenses when holding shares of the Fund.

The fees and expenses include:Shareholder feesManagement feesDistribution and Service feeAcquired Fund Fees and expenses.

Hence, in this case, it is concluded that Quadratic interest rate volatility and inflation hedge are made to protect the shareholders from all kinds of inflation and interest.

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according to the long-run phillips curve, in the long run monetary policy influences

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Answer: only in the short run.  According to the long-run Phillips curve, in the long run monetary policy influences. the inflation rate but not the unemployment rate.

Explanation:

Who is likely to be in favor of a country that would be a net exporter moving from autarky to free trade

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Explanation:

sorry don't know think you should ask the question

Jim inherited a property that has not been maintained in years, the property needs new appliances, a roof, new siding, new electrical and plumbing. The cost of the updating far exceeds the value of homes in the area. The lack of feasibility in doing these repairs is called:

Answers

The lack of feasibility in doing repairs on the property inherited by Jim is called: incurable.

Incurable can be defined as any set of defects that is practically impossible for a property owner to fix, repair or cure, especially due to lack of maintenance and finance.

This ultimately implies that, incurable is a term that is associated with depreciation and it arises when the cost of repair of a property is far greater than the financial value of the property.

In conclusion, the lack of feasibility in doing repairs on the property inherited by Jim is called incurable.

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Which alignment aligns text in relationship to the top and bottom margins?

Horizontal alignment
Left alignment
Right alignment
Vertical alignment

Answers

Answer:

Vertical Alignment.

Explanation:

It refers to the text alignment with respect to top and bottom margins.

What type of business is formed with the primary purpose of serving its user- members? O A. Partnership O B. Corporation O C. Sole proprietorship O D. Cooperative​

Answers

Answer:

A social enterprise is a business with social objectives that serve its primary purpose.

Explanation:

Answer:

cooperative

Explanation:

just took it

What can the government do to reduce consumer demand for loans?

Answers

Answer:

Increase interest rates

Explanation:

The higher the interest rates that consumers have to pay may dissuade them from borrowing.

what could you do to avoid a miscommunication with a friend

Answers

be very clear & make sure you get your point through honestly

Managers do not need to motivate employees to want to do their jobs efficiently and effectively.
O True
O False

Answers

False because I believe it is

What is a natural risk that businesses should consider when establishing their information-management procedures

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Data security issues such as: Information leaks, Breach of the GDPR law, hacking

Please solve this question asap…as i have less time

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Answer:

1 Cash to Capital

2 Bank to Cash

4 Purchase to Cash

5 Purchase to Cash

8 A/c receivable to Sales

10 A/c Payable to Cash

15  Cash dr(11700) Sales Discount dr (300) A/c receivable Cr(12000)

16 Wages Payable to Cash

18 Furniture to Cash

20 Drawing to Bank

22 Rent Payable to Bank

23 Drawing to Goods

24 Drawing to Bank

26 Cash to Commission received

27 Bank Charges Payable to Bank

28 Insurance Payable to Bank

29 Salary Expense/ Salary Payable (I forgot) to Cash

30 Cash to Sales  

what is consumer's Equilibrium?​

Answers

Answer:

[tex] \huge{ \red{A} \green{N} \blue{S} \orange{W} \pink{E} \red{R} \blue{:-}}[/tex]

When consumers make choices about the quantity of goods and services to consume, it is presumed that their objective is to maximize total utility. In maximizing total utility, the consumer faces a number of constraints, the most important of which are the consumer's income and the prices of the goods and services that the consumer wishes to consume. The consumer's effort to maximize total utility, subject to these constraints, is referred to as the consumer's problem. The solution to the consumer's problem, which entails decisions about how much the consumer will consume of a number of goods and services, is referred to as consumer equilibrium.

Pete is thinking of skipping car insurance for the first year while he gets adjusted to car payments. Why is this a bad decision

Answers

Skipping insurance is a bad decision based on the fact that he would have to:

Pay for all the expenses when an accident occur. He would be driving illegally.

What is insurance?

Insurance coverage help to cover costs or expenses in case of unforeseen circumstances thereby saving costs.

Based on the given scenario skipping car insurance coverage will tend to result in him paying for people injury expenses or car crash injury expenses in a situation where he had an accident that resulted in people be injured.

He would as well have to pay for all the repairs costs of his car or vehicle since his car was not insured.

Inconclusion it is a bad decision as he would have to pay all the expenses when an accident occur and he would be driving illegally.

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____ is a disadvantage of capital intensive production

Skilled workers will be paid more than unskilled workers

Customized products are easier to make

Quality can be standardized, the same every time

Employees may become demotivated

Answers

quality can be standardized the same every time

Answer:

Quality can be standardized, the same every time

Explanation:

Capital intensive production has direct impact on quantity of production

There are basically two types of production

Labour intensivecapital intensive

According to the table, what is Omar’s bank balance? $761. 25 $810. 30 $814. 75 $1,186. 25.

Answers

Omar's bank balance based on the given table is equal to $761.25.

Given the following data:

Pharmacy (debited) = $15.20Rent (debited) = 425.00Dinner (debited) = $22.30Movie tickets (debited) = $26.70Paycheck (credited) = $1,015.50Initial balance = $219.80

To calculate Omar's bank balance based on the given table:

First of all, we would determine the total amount that was debited from Omar's account.

[tex]Total\;debit = 15.20+425.00+22.30+26.70[/tex]

Total debit = $474.05

Next, we would solve for his previous balance:

[tex]Previous \;balance = Credit + Initial\;balance\\\\Previous \;balance = 1015.50 + 219.80[/tex]

Previous balance = $1,235.3

Now, we can calculate Omar's bank balance:

[tex]Bank\;balance = Previous\;balance - Total\;debit\\\\Bank\;balance =1235.3 -474.05[/tex]

Bank balance = $761.25

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I need some help will mark brainliest.

Answers

Strategic planning brings people, processes, teams, and leaders together to achieve an organization's goals.

Revenues and expenses arising from activities that are not part of the company's operations are classified as ______ revenues and expenses.

Answers

Answer:

Nonoperating

Explanation:

The activities through which revenue and expenses occur which do not take part in the operations of business is consider as nonoperating.

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OUR MATCHLESS HOLY TRUE LIVING SAVIOUR  CHRIST JESUS LOVES US ALL. OUR MATCHLESS HOLY TRUE ING CREATOR LOVES YOU . CONTINUE TO HAVE A BLESS DAY, WEEK, MONTH, AND YEAR.

Business-to-business (B2B) e-commerce refers to the electronic exchange of products, services or information between businesses rather than between businesses and consume.

The table shows the terms of a fixed-rate mortgage. A 2-column table has 4 rows. The first column is labeled Component with entries (P) Principal, (R) Monthly interest rate, (n) Total number of monthly payments (30-year term), (M) Monthly payment. The second column is labeled Cost with entries 200,000 dollars, 0. 4 percent, 350, 1059 dollars and 85 cents. Which formula should be used to correctly calculate the monthly mortgage payment? M = P StartFraction Left-bracket R (1 minus R) Superscript n Baseline Right-bracket Over (1 R) Superscript n Baseline EndFraction M = P StartFraction Left-bracket R (1 R) Superscript n Baseline Right-Bracket Over Left-bracket (1 R) Superscript n Baseline minus 1 Right-bracket EndFraction M = P StartFraction R Over left-bracket (1 R) Superscript n Baseline minus 1 Right-bracket EndFraction M = P StartFraction Left-bracket R (1 R) Superscript n Baseline Right-Bracket Over (N R) EndFraction.

Answers

The monthly mortgage payment M is determined by taking into consideration the total amount of mortgage, the time period for the mortgage, and the rate of interest charged over the entire principal amount.

The formula to be used for the calculation of the monthly mortgage payment is:

[tex]M=P\dfrac{[R(1+R)^n]}{[(1+R)^n-1]}[/tex]

Where,

[tex]P[/tex] = Principal amount of $200,000

[tex]R[/tex] = Rate of interest of 0.4% per month

[tex]n[/tex] = number of mortgage payments that is 30 years

[tex]M[/tex] = Monthly payments

Thus, based upon the chosen formula the mortgage payment for each month will be determined that will be inclusive of the principal amount and the interest amount at the rate of 0.4% at the beginning or end of each month.

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Answer:

B. [tex]M=P\frac{[R(1+R^{n})]}{[(1+R)^{n}-1 ]}[/tex]

Explanation:

Correct on edg quiz 2022

When you miss payments on a loan, creditors:
A. can charge excessively high interest on other customers to make

up the difference.
B. must accept the loss as simply part of doing business.

C. have the right to take measures to get their money back.

D. must declare bankruptcy on the loan, which damages their credit
score.

Answers

Answer:

C.

Explanation:

It's obviously not A, because that would lead to a corrupt society. It's not B either, because no one would pay if that were a policy, and it wouldn't be any different than giving out money for free.

C is correct. If a debtor misses payments on a loan, the creditor has the right to transfer the amount due plus interest to the next given payment. The next given payment will cost the debtor the amount due previously, plus interest (for being late), and the amount due that month.

For example, a debtor makes monthly payments of $1,000 to their creditor. If the debtor misses this month's payment (which equates to $1,000), the creditor has the right to move the amount due plus interest to next January.

Generally speaking, interest should be around 10% annually and broken down into monthly charges. So the annual interest rate would be $100, which makes the monthly interest rate $8.33. Next January, the debtor would pay the amount due previously ($1,000), plus interest ($8.33), and the amount due that month ($1,000).

The debtor will need to pay $2008.33 in January.

A lot of people might mistake D as the correct answer, but creditors don't have to declare bankruptcy.

The correct option is C. When you miss payments on a loan, creditors have the right to take measures to get their money back. Normally, the creditor will get in touch with you and let the credit bureaus know about the default.

Who is a creditor?

A creditor is a company that extends credit, allowing another company to borrow money that will eventually be repaid. A company that offers goods or services but does not request payment upfront is also considered a creditor because the customer owes the company money for work already completed.

A creditor has a range of alternatives available to it to induce payment if you miss a payment or are unable to pay a debt, including using collection firms. Inability to pay a debt can still have negative effects, such as ruined credit scores and lawsuits, even though debtor's prison is a thing of the past.

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#SPJ2

ALL of the following are reasons firms change from labour intensive to capital intensive EXCEPT:

Quality
Finance
Technology
Quantity

Answers

Answer:

quantity.

Explanation

terms will change from labor-intensive to capital-intensive to increase the efficiency of Labor which will ultimately result in the increase production

Answer:

Quantity

Explanation:

Whether they implement more labours or decrease the amount of labours it hardly matters the production or quantity of production

So option D is correct

ALL of the following are advantages of labour intensive production EXCEPT:

Skilled workers take time to train

Workers are often more motivated

Less expensive machine cost

Humans can use their initiative to solve problems

Answers

Answer:

skilled workers take time to train

Explanation:

this means that a lot of time is spent on training which te would have been invested in production

Skilled worlds take time to train. This would take away from their time

By understanding the competency gaps that are generally perceived by employers, you should Multiple Choice be motivated to learn. seek high levels of achievement. believe in personal control of destiny. share diverse experiences.

Answers

All answers could be correct.
You should be motivated to learn more about your employees needs
Learning in organisations is always related to striving for better
People learn best when they have ownership of learning goals and outcomes
Diverse experiences are the source of great learning, providing that learners get help in reflection

What ratio determines whether a borrower will manage monthly debt payments?

Answers

Answer:SI

Explanation:Pabloooo

perfectly competitive market in long run equilibrium. if demand decreases, we can be certain that price will

Answers

Answer:

fall in the short run. all, some, or no firms will shut down, and some of them will exit the industry. price will then rise to reach the new long-run

Using the following prices, calculate the unit price to determine how much it would cost for 7 muffins and 14 juice boxes. $7. 74 for 6 muffins $5. 52 for 8 juice boxes a. $18. 69 b. $19. 89 c. $21. 91 d. $26. 52 Please select the best answer from the choices provided A B C D.

Answers

Answer: a

Explanation:

Which leadership skill do you feel is most important for a small business to succeed for a
long time? Explain your answer using examples. It's depends on the business that they are doing because they all have strengths and weakness.

Answers

In my opinion, reliability and consistency are two of the most important leadership skills for a small business to succeed for a long time. With these two characteristics a small business can build a returning customer base as well as a good rating on review websites. For example, many local barbershops provide consistent quality haircuts which builds reliability and in turn demand and returning customers.

Vincent owns an apartment building containing 15 rental units. Vincent pays $22,690 in taxes and building upkeep every year, and charges rent of $833 per month. Assuming that all of the rental units are full, how much does Vincent make from his apartment building every year? a. $127,250 b. $149,940 c. $35,185 d. $102,260.

Answers

The total amount Vincent will make each year from the apartments will be $127,250.

Computation:

Given,

Number of rental units =15The total amount paid in the form of taxes and for upkeeping of the building is $22,690.Charges for the rent of each apartment for each month are $833.

First, total rental income from all the 15 apartments for the entire year is computed as follows:

[tex]\begin{aligned}\text{Income from Rental Apartments}&=\text{Rent per month}\times\text{Total Units}\times12\\&=\$833\times15\times12\\&=\$149,940\end{aligned}[/tex]

Now, the net income is computed based upon the total income and total expense:

[tex]\begin{aligned}\text{Net Income}&=\text{Income from Rental Apartments}-\text{Taxes and Building Upkeep}\\&=\$149,940-\$22,690\\&=\$127,250\end{aligned}[/tex]

Therefore, option a. $127,250 is correct for the net income of Vincent from the rental property after paying off the taxes and charges for upkeeping the building every year.

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Answer:A) $127,250

Explanation:edge

human resources is the basic resources for an office,clarify this statement.​

Answers

An HR department is tasked with maximizing employee productivity and protecting the company from any issues that may arise within the workforce. HR responsibilities include compensation and benefits, recruitment, firing, and keeping up to date with any laws that may affect the company and its employees.

In simplest terms, the HR (Human Resources) department is a group who is responsible for managing the employee life cycle (i.e., recruiting, hiring, onboarding, training, and firing employees) and administering employee benefits.

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