1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Angelina_Jolie [31]
3 years ago
9

Lucas spends $83. 42 in additional interest and charges on monthly payments as the result of a prior bankruptcy. If Lucas been a

ble 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.
Business
2 answers:
Vika [28.1K]3 years ago
7 0

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

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:

<em>= Amount + ( Amount x rate x number of years)</em>

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

= $1,055.10

In conclusion, the account would have $1,055.10

<em>Find out more on simple interest at brainly.com/question/2294792. </em>

Blizzard [7]3 years ago
6 0

Answer: A

Explanation:

You might be interested in
On January 1, 2021, Blair Company sold $800,000 of 10% ten-year bonds. Interest is payable semiannually on June 30 and December
Anika [276]

Answer:

$42,480

Explanation:

Given that,

Value of bonds = $800,000

Interest rate = 10%

Selling price of bond (Book value) = $708,000

Priced to yield = 12%

The semi-annual yield is calculated as follows:

= 12% / 2 (because the interest is payable semiannually on June 30 and December 31)

= 6%

Therefore, the semi-annual bond interest expense:

= Selling price of bond × semi-annual yield

= $708,000 × 6%

= $42,480

Hence, the Blair should report bond interest expense for the six months ended June 30, 2021 in the amount of $42,480.

But the actual cash paid for the interest expense will be:

= (Value of bonds × Interest rate on bonds)

= [$800,000 × (10%/2)]

= $800,000 × 5%

= $40,000

So, the amortization for bond discount is the difference between actual cash paid and bond interest expense:

= $42,480 - $40,000

= $2,480

7 0
4 years ago
As a business owner, how do you allocate your resources properly?
Afina-wow [57]

Answer:

i dont know, but what i do know is that i miss you. Im sorry and i've said it a million times and i've gotten to the point, that i dont think you love me anymore, i know it hurt, im sorry, but i will never do something like that again, ever. im sorry Jose, please talk to me. I LOVE YOU. I havent ever loved anyone as much as i love you. You give me butterflys 24/7 no matter what we're talking about. It's killing me right now knowing that you're hurting and i can't do anything about it. Please Jose come back to me.

Explanation:

6 0
3 years ago
Describe the purpose of the SEC.
r-ruslan [8.4K]

the role of the SEC is to Protect investors. Maintain fair, orderly, and efficient markets.

5 0
3 years ago
______ consists of a set of techniques and principles for systematically collecting, recording, analyzing, and interpreting data
Mademuasel [1]

Answer:

The correct answer is option A.

Explanation:

Marketing research refers to the set of techniques and principles for systematically collecting, recording, analyzing, and interpreting data that can aid decision-makers involved in marketing goods, services, or ideas.

It involves a number of steps such as defining the objectives and research needs, designing the research, collection of data.  

Marketing research is helpful in making decisions related to marketing goods, services and ideas.

5 0
3 years ago
What does this mean help
Black_prince [1.1K]
Chill/Sleep mode... I think errr
3 0
3 years ago
Other questions:
  • The demand for cat food is given by D ( x ) = 140 e − 0.03 x where x is the number of units sold and D(x) is the price in dollar
    13·1 answer
  • In monopoly how do you unmorgage a property
    15·1 answer
  • Which describes a type of tax that people pay on money they earn?
    5·2 answers
  • Which is the best choice to explain why human resource manager is so important to organizations
    13·1 answer
  • The best description of a strong leader is someone who?
    12·2 answers
  • Michelle is considering investing in a company's stock and is aware that the return on that investment is particularly sensitive
    5·1 answer
  • Sutton Corporation, which has a zero tax rate due to tax loss carry-forwards, is considering a five-year, $6,000,000 bank loan t
    12·1 answer
  • Which activity might require you to provide your social security number?
    5·1 answer
  • Select the correct answer.
    13·1 answer
  • Jordan Baker, a top manager at Westinghouse, has recently been put in charge of a new multi-million dollar project. She selects
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!