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

according to the table, in which year did buyers of six-month treasury bills receive the highest real return on their investment?

Answers

The year 1990 shows buyers of six-month treasury bills receive the highest real return on their investment. Thus, option C is correct.

What are treasury bills?

Treasury bills aid in the administration's attempt to gather money to pay for commitments that exceed the amount of yearly revenue it produces.

In this table, there were various years and their ROI that is return in investment and in the year 1990 the people must have received a high rate of their return as they got around 5.6% of return which was highest compared to the rest of the years. Therefore, option C is the correct option.

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The question is incomplete, the complete question will be:

The following table shows the average nominal interest rates on six-month Treasury bills between 1963 and 1967, which determined the nominal interest rate that the U.S. government paid when it issued debt in those years. The table also shows the inflation rate for the years 1963 to 1967. (All rates are rounded to the nearest tenth of a percent.)

According to the table, in which year did buyers of six-month Treasury bills receive the highest real return on their investment?

1989

1988

1986

1990

1987

how many black millionaires are there in the united states?

Answers

Answer:

1.5 million black American millionaires.

Explanation:

Each week, Joe’s boss gives him a list of tasks and processes needing to be completed. Which motivating factor does
this satisfy?
A Its advertising B Its location
C Its people D Its products

Answers

Based on the information given, the motivating factor that is satisfied is it's products.

Motivating factors simply refer to the strategies, incentives, recognition, etc that can be used to improve the motivation to perform the duties at work.

From the information given, it can be noted that the motivating factor is task identification and this is important for the products.

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A cross-functional work team is having difficulties in operating smoothly, and friction has developed among some of the members. Many of the strongest complaints are from the representatives of management who complain that the research scientists are disorganized, haphazard, and undisciplined. Managers complain that the scientists do not adhere to any fixed rules or procedures. On the other hand, the research scientists complain that the managerial representatives are excessively rule-oriented bureaucrats and have no flexibility or spontaneity. The MAIN problem with this team seems to be centered around differences in: _________

a interpersonal orientation
b.time orientation
c goal orientation
d. formality of structure

Answers

The main problem with this team seems to be centered around differences in the formality of structure.

Cross-functional Work Team

This type of work team happens when individuals or groups of different functions come together to work together towards a common goal. This can either be done by two or more team leads to take the initiative or if there is a certain company project where employees of specific skills are required from different departments to do the job.

Problems with Cross-functional Team

There are certain problems faced when working in cross-functional teams. One of which is time management, where the team must meet up to manage the project and to discuss its further development. In the given question "time orientation" this certainly is not the main problem.

Another important factor is that employee success is based on goals and objectives. In doing so, the individual becomes more focused on their personal goals and loses sight of what is more important to prioritize, which is the company as a whole. Of course, this means that neither the interpersonal nor the goal orientation is the main problem arising between the team.

Finally, when more individuals come together to form a team, there is a chance that there might be dominating personalities in the group. This would cause difficulties among the group unless a leader is determined to manage the team. Now, this is the main problem here, as there is no formality of structure defined. Resulting in the dispute between managers and scientists. To avoid any further dispute formal structure must be laid out and a leader should be appointed amongst them.

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what is the total tax a person or business has to pay called?

Answers

Answer:

it all depends how much the business makes

is it more common for a firm to fail due to lack of sales or poor financial management?

Answers

Answer:

Poor financial management

Explanation:

Poor financial management.

what are the common reason firm fail financially?

The most common financial problems are (1) capital shortages, (2) inadequate cash flow management, and (3) inadequate spending management.

The most common reasons for SMEs to fail include lack of capital and funding, poor management team maintenance, flawed infrastructure and business models, and failed marketing initiatives.

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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

Suppose you invest $20,000 of your own money in a business as a sole proprietor, and then borrow an additional $10,000 from a bank. Suppose the business fails. For this two-part question, (1) What describes the potential loss of this situation, and (2) what is the total potential loss

Answers

[tex]75325 + 2353 = \div 2 \div = 22.2x2(22. = = 10000002[/tex]

[tex]hope \: its \: helpful \: to \: ou[/tex]

Export Production,

Increases the country's stock of wealth

Allows family members to make productive use of their time

Saves money on imports

Produces enough to support the needs of the community

Answers

Answer:

Increases the country's stock of wealth

Explanation:

There are two types of businessesImportExportImport means to buy things which are made otherwhere from other countries to our own country.Export means to transfer things which are made in our country to outside

what did antonie van leeuwenhoek call his discovery

Answers

Answer:

Antonie Van Leeuwenhoek called his discovery "wee animalcules"

Hit brainliest if this was helpful :)

What role does competition play in business and global trade?

Answers

Answer:

Its always a competition

Explanation:

People use to complete on how the world gets and receives items same in business, companies compeate all the time trying to get the most money, visitors, and promotions.

Michael has been saving his money and wants to invest it. After doing some research, he has decided to invest $20,000 into a Certificate of Deposit. The interest rate on the CD is 3% with a term of five years, and the interest is paid out annually. Based on recent inflation, Michael is planning on an annual inflation rate of 2%. Which statement best explains the interest rates related to this CD? The nominal interest rate is 3 percent, while the real interest rate is 2 percent. The nominal interest rate is 3 percent, while the real interest rate is 1 percent. The nominal interest rate is 1 percent, while the real interest rate is 2 percent. The nominal interest rate is 2 percent, while the real interest rate is 4 percent.

Answers

Since he is planning on an annual inflation rate of 2%., the statement that explains the interest rates relating to the CD is nominal interest rate is 3% while the real interest rate is 1%.

A real interest rate refers to the nominal rate which is adjusted for inflation.

We are given that Interest (nominal rate) is 3% and planned Inflation rate = 2%

Real interest rate = 1% (Nominal rate - inflation rate)

Hence, the statement that explains the interest rates relating to the CD is nominal interest rate is 3% while the real interest rate is 1%.

Therefore, the Option B is correct.

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Answer: the next one after b is A on the assignment

$200

Explanation:

Why does the government oversee the provision of public goods?

Public goods are goods and services that tend to result in negative externalities; therefore, the government must oversee that the provision of these goods and services is limited.
Public goods are goods and services that tend to result in negative externalities; therefore, the government must oversee that the provision of these goods and services is limited.

Public goods are goods and services that are non-excludable and rivalrous. The government must oversee the fair distribution of these goods; otherwise, they would be distributed on a first-come, first-serve basis.
Public goods are goods and services that are non-excludable and rivalrous. The government must oversee the fair distribution of these goods; otherwise, they would be distributed on a first-come, first-serve basis.

Public goods are goods and services that are non-excludable and non-rivalrous; therefore, it is not profitable or in the best interest of private businesses to provide these goods.
Public goods are goods and services that are non-excludable and non-rivalrous; therefore, it is not profitable or in the best interest of private businesses to provide these goods.

Public goods and services require resources in production that are scarce; therefore, the government must ensure that production is limited.

Answers

The reason why public goods are provided by the government is C. Public goods are goods and services that are non-excludable and non-rivalrous; therefore, it is not profitable or in the best interest of private businesses to provide these goods.

A public good simply means the good that is beneficial to everyone in the society. It's non-excludable and non-rivalrous. e.g electricity, water, sewage disposal, etc.

Public goods are goods and services that are non-excludable and non-rivalrous; therefore, it is not profitable or in the best interest of private businesses to provide these goods. They're usually provided to meet the needs of the people and not for profit motive.

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Answer:

Public goods are goods and services that are non-excludable and non-rivalrous; therefore, it is not profitable or in the best interest of private businesses to provide these goods.

Explanation:

The guy above me is also correct, pls give him credit. The test said it was correct.

Each student ticket for an art museum costs $12. 50. The total cost for student tickets, t, varies directly as the number of tickets, s, purchased. Write an equation that models the proportional relationship between t and s.

Answers

The equation for the computation of the total cost for students tickets is [tex]t=\$12.5 \times s[/tex]

The total cost is referred to as the expense that is done to acquire any of the material or the thing from the market. This is the cost that is incurred by the consumer as well as the manufacturers.

The computation of the total cost:

[tex]\begin{aligned}\text{Total Cost}&= \text{Price of Per Unit} \times \text{No. of Persons}\\ t& =\$12.50 \times s\end{aligned}[/tex]

where t = Total Cost

            s = Number of Persons.

Therefore, the correct equation formed is [tex]t=\$12.5 \times s[/tex]

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-WILL GIVE BRAINLIEST-
How can a person harness the power of pre-commitment, for example, with their tax return?

Answers

Answer:

You would have to commit to your future self about tax returns.

Explanation:

People projected that adopting a commitment device, which allows them to commit to saving before receiving their tax refund, would boost savings.

What is tax refund meaning?

A tax refund is a payment issued to taxpayers who have overpaid their taxes due to employers withholding too much from their salaries.

According to the US Treasury, over three-quarters of taxpayers have too much money withheld, resulting in tax refunds.

Thus, people are more like to make long term judgement.

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of all leadership variables, _____ leadership is the one most universally endorsed across cultures.

Answers

Answer:

transformational

Explanation:

4. what influence may rising house prices have on inflation?

Answers

Answer:

Explanation:

There is a correlation between inflation and house prices. ... When interest rates are low, buying homes can be more affordable and increase the demand for homes. If the supply of homes remains constant and the demand increases, then the prices of homes will increase.

WHAT IS THE WORLDS LARGEST PEANUT 50 points

Answers

Answer:

I AM THE LARGEST PEANUT

Explanation:

Answer:

Unveiled with fanfare on a chilly Friday, Nov. 15, 1974, it's 3 feet long and 18 inches around, crafted of 50 pounds of aluminum and dedicated to the Bryan County Peanut Growers and Processors

difference between qualified and ordinary dividends

Answers

Answer:

A qualified dividend is taxed at the capital gains tax rate and ordinary dividends are taxed at standard federal income tax rates. Qualified dividends must meet special requirements put in place by the IRS.

Explanation:

jorDANTHE GOD HOW ARE U

Answers

Answer:

uhm- hi

Explanation:

thxs for the points....

How large a payment must this customer make on 4/20/12 to be considered on-time with their payment?

Answers

An on-time payment simply means a payment that's paid back at a particular agreed at a particular due date that has been agreed.

Your information is incomplete. Therefore, an overview will be given. It should be noted that an on-time payment is important for one to run business affectively.

In this case, to be considered on-time with their payment, the customer should pay the agreed amount. Late payments simply impact ones ability to run business and can lead to one incurring more interest.

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what is the difference between earned income, passive income, and investment income?

Answers

Explanation:

Earned income consists of income you earn while you are working a full-time job or running a business.

Passive income is income earned from rents, royalties, and stakes in limited partnerships.

Portfolio income is income from dividends, interest, and capital gains from stock sales.

what value would be returned based on the formula in cell d49?

Answers

The COUNTIFS function counts cells based on specified criteria, evaluating ranges and criteria pairs sequentially, returning a count of matches; in this case, the result is 1 due to both criteria being met once. Therefore, option B is correct.

The COUNTIFS function is a powerful Excel tool used for analyzing data by counting the number of cells that meet specific criteria across multiple ranges. This function enables the simultaneous application of multiple conditions, making it ideal for complex data analysis.

It evaluates each criterion and corresponding range, tallying instances where all conditions are satisfied. By facilitating precise and efficient data summarization, COUNTIFS enhances decision-making processes and provides insights into the occurrence of specific events or scenarios within datasets, contributing to informed conclusions and strategic actions.

Therefore, option B is correct.

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Most probably, your complete question s this:

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.

Can someone help me with this question?

Answers

I would think it’s social media marketing

Answer:

My opinion social media marketing

Note that common tasks are listed toward the top, and less common tasks are listed toward the bottom. According to
O*NET, what are common tasks performed by Graphic Designers? Check all that apply.
conferring with clients
creating designs, concepts, and sample layouts
scheduling projects for clients
hiring and training new team members
determining size and arrangement of illustrative material and copy
developing graphics and layouts

Answers

Answer:

creating designs, concepts, and sample layouts

scheduling projects for clients

determining size and arrangement of illustrative material and copy

developing graphics and layouts

Answer:1,2,5,6.

Explanation:

Please help this is the final.

Identify a minimum of two ways companies compete for your money. In a minimum of five sentences each, explain in what way each of those tactics has been proven to be successful.

Answers

Answer:

here's your answer below

Explanation:

Sorry something went wrong

.

Answer:

They compete by giving better bundels or lowering prices.

Explanation:

They do that because people usually want a better price so if their the same thing then someone would want to go to a store with cheaper options.

at land rover, voluntary discussion groups of 4 to 12 employees met weekly to identify cost savings, improve product quality, and discuss work-related problems. although the teams were later phased out, their work was, in part, responsible for almost doubling production at land rover from 1993 to 1996.

Answers

Explanation:

you would have 5000

i hope i help you

If G&M Foods issues a $1,000 bond with an interest rate of 3.5 percent and a maturity date of January 1, 2025, G&M is agreeing to pay the bondholder __________ interest each year until January 1, 2025, when it must repay the full $1,000.

Answers

Based on the face value of the bonds payable of $1,000 and an interest rate of 3.5%, G&M agrees to pay the bondholder the sum of $35 as interest annually until January 1, 2025, when G&M redeems the full $1,000 bond.

Data and Calculations:

Face value of bonds payable = $1,000

Interest rate = 3.5%

Maturity date = January 1, 2025

G&M's annual interest expense = $35 ($1,000 x 3.5%)

Thus, by issuing the bond of $1,000 at 3.5% per year, G&M agrees to pay $35 in interest expense.

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arts stream padhne se aacha to python ya java ki book pdf download kar lo usse padh lo

Answers

Answer:

Hahahahahahahha is it that much difficult

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