Ricky spends $173.19 in additional interest and charges on monthly payments as the result of a prior bankruptcy. if ricky had been able to save this money for one year and then put it into a savings account earning 2.1% simple interest, how much money could he have in savings after two years?

Answers

Answer 1

The amount of money Ricky could have in savings after two more years is $2,165.57.

Calculation of balance in savings

Saving for 12 months = $173.19 * 12 = $2,078.28

Annual interest earned = Saving for 12 months * Simple interest rate = $2,078.28 * 2.1% = $43.64388

Savings balance after 2 years = Saving for 12 months + (Annual interest earned * Number of years) = $2,078.28 + ($43.64388 * 2) = $2,078.28 + $87.28776 = $2,165.57

Learn more about interest here: https://brainly.com/question/16134508.

#SPJ4


Related Questions

Who is ultimately responsible for product accountability at the study site?.

Answers

The person that is ultimately responsible for product accountability at the study site is: investigator/institution.

Who is an investigator?

An investigator can be defined as the person that is charge of investigational product as the person help to investigate investigational products by ensuring that drug accountability is put in place.

Examples of investigational product are:

VaccineDrugClinical trial palliative etc

Therefore The person that is ultimately responsible for product accountability at the study site is: investigator/institution.

Learn more about investigator/institution here:https://brainly.com/question/26273601

#SPJ1

Trade between individuals and between nations leads to: Trade between individuals and between nations leads to: higher product prices. increased specialization. lower living standards. greater self-sufficiency.

Answers

Answer:

The correct answer is B.

Explanation:

Trade between individuals and between nations leads to: Increased Specialization

The primary purpose of the statement of cash flows is to:.

Answers

Answer:

The primary purpose of the statement of cash flows is to provide information about cash receipts, cash payments, and the net change in cash resulting from the operating, investing, and financing activities of a company during the period.

You pay for cheese and bread from the deli with currency. Which function of money does this best illustrate?.

Answers

Answer:

Medium of Exchange should be your answer.

Explanation:

Meeting the spending targets in this budget meant some very difficult choices. —president barack obama, 2012 budget message of the president what does it mean to make "difficult choices" when creating a federal budget? deciding how to keep interest rates on the national debt low deciding which country to borrow from to finance spending deciding how much to lend and how much to tax deciding what will be funded and what will be cut

Answers

The meaning of making "difficult choices" when creating a federal budget is: D. deciding what will be funded and what will be cut.

What is a federal budget?

A federal budget refers to a financial plan that is typically used by the government for the estimation of the revenue (taxation) and expenditures (spending) of a country over a specified period of time, which is often one year.

This ultimately implies that, making "difficult choices" when creating a federal budget simply means to decide what will be funded by the government and what will be cut from the budget.

Read more on budget here: https://brainly.com/question/13964173

#SPJ4

Answer:

D

Explanation:

Sales is one occupation where _________ is not determined by wage or salary limits set by an employer

Answers

Sales is one occupation where profit is not determined by wage or salary limits set by an employer.

What is sales?

Sales include the step by step procedure that is used in spelling a goods or services.

The activity involves in sakes aims at selling the product to make profit.

Therefore, sales is one occupation where profit is not determined by wage or salary limits set by an employer.

Learn more on sales here,

https://brainly.com/question/24840811

#SPJ1

When comparing the financial statements of two different companies, a financial analyst would use which two categories of ratios?.

Answers

When comparing the statements of two different companies, a financial analyst would use the profitability and equity ratio, that are the two accounting ratios.

What is profitability ratio?

The return on equity ratio is a profitability ratio that evaluates a company's capacity to profit from its shareholders' investments.

In other terms, the return on equity ratio indicates how much profit is generated per dollar of common stockholders' equity, and both the ratio compares the financial statements of two different companies.

Therefore, the two ratios are profitability ratio and equity ratio.

Learn more about the accounting ratio, refer to:

https://brainly.com/question/16447941

#SPJ1

Gunnar, the Director of Operations at Fantastic Foods, has worked with other managers over the years to set up groups and teams to handle issues. One of the recent groups, which is also a team, is the

Answers

If Gunnar, the Director of Operations at Fantastic Foods.  One of the recent groups, which is also a team, is the dean search committee.

What is team?

Team are member of a group that come together in unity to resolve issue  and to achieve their set goals and objectives.

The recent group will be the dean search committee which aim is to interact or  communicate  frequently by making use of different communication  means over a period of several months.

Therefore  One of the recent groups, which is also a team, is the dean search committee.

Learn more about team here: https://brainly.com/question/11352260

#SPJ1

disadvantages for allowing debtors to buy on credit

Answers

Explanation:

credit almost always costs money

Which of the following is an example of tax fraud? a. Unintentionally overstating tax deductions and exemptions b. Intentionally underpaying taxes due c. Paying more tax than is owed d. Aggressively taking advantage of legal tax minimization strategies

Answers

The example of tax fraud is Aggressively taking advantage of legal tax minimisation strategies hence option D is the Answer

What is Tax Fraud?

Tax fraud can be defined as a situation whereby an individual or a company take advantage of the tax system with the intention of paying lower amount of tax.

Most of the time, it occurs amongst the middle income earners.

Learn more about Tax fraud here:

https://brainly.com/question/25783927

#SPJ1

A property dividend: (Select all that apply.) Multiple select question. is a noncash distribution to owners. reduces retained earnings. is the issuance of common stock to investors. reduces the common stock account.

Answers

A property dividend is: A. is a noncash distribution to owners and B. reduces retained earnings.

What is property dividend?

Property dividend can be defined as a type of dividend that is typically paid to shareholders (investors) by a company or business firm, in the form of assets (noncash) rather than cash.

This ultimately implies that, a property dividend is a noncash distribution to shareholders (owners) and it reduces retained earnings.

Read more on dividend here: https://brainly.com/question/25845157

#SPJ1

__ I can help protect clients’ confidential information.
A. Anti-virus software
B. Piracy
C. Identity theft
D. Licensing infringement

Answers

Answer:

a.

Explanation:

I think it’s a. Or anti-virus software because, it helps to prevent or try and help prevent someone from stealing your personal information.

What steps must countries take to transition to a mixed-market economy? check all that apply.

Answers

Answer:

They must establish a fair labor market

why is the national government proritis ing the rebuilding of KZN infrastucture destroyed by the 2021 July unrest and the recent floods despite the financial costs being very high

Answers

The National Government has prioritized rebuilding the KwaZulu Natal infrastructure because The KwaZulu Natal roads are crucial to the economy of South Africa.

What is Infrastructure?

Infrastructure is a structure or engineering edifice that serves the common good of the residents of a place or a country.

Examples of infrastructures are:

BridgesRoadsRail TracksAirports etc.

Learn more about the Infrastructure at:
https://brainly.com/question/16560436

#SPJ1

Imagine an influential new study shows that eating eggs drastically reduces the risk
of heart attacks. Which of the following is most likely to be the initial effect of the
study on the egg market?

A. The demand for eggs will increase, and the price of eggs will rise.

B. The demand for eggs will decrease, and the price of eggs will fall.

C. The supply of eggs will increase, and the price of eggs will rise.

D.The supply of eggs will decrease, and the price of eggs will fall.

Answers

According to the new study, the most likely to be the initial effect of the study on the egg market is the demand for eggs will increase, and the price of eggs will rise. The correct option is (A).

What is demand?

The quantity of a good that consumers are willing and able to buy at different prices during a specific time is known as demand in economics. The demand curve is another name for the relationship between price and quantity demand.

Demand for a given product depends on a variety of factors, including perceived need, price, perceived quality, convenience, alternatives offered, buyer preferences and disposable money.

Therefore, according to the new study shows that eating eggs drastically reduces the risk of heart attacks. The most likely to be the initial effect of the study on the egg market is the demand for eggs will increase, and the price of eggs will rise.

To know more about the demand, visit:

https://brainly.com/question/29703449

#SPJ1

Which of the following is a good rule of thumb to follow if you do not know how you are supposed to dress for a job? a. Be colorful b. Be exciting c. Be flashy d. Be conservative Please select the best answer from the choices provided A B C D

Answers

Answer:

the answer is D "Be conservative" on edge 2022

Explanation:

hope this helps :)

Answer:

d. be conservative

Explanation:

A small business is currently using a paper-based system for billing, which is slow and error-prone. Which system upgrade will make their billing process faster and reduce the number of errors

Answers

Source data automation is system upgrade will make their billing process faster and reduce the number of errors as paper-based system for billing is many times inaccurate.

What is Source data automation?

Inserting data in the same way that supermarkets use Bar Code Readers is required. This provides store owners with all of the information they need to manage sales and inventory in one place, allowing them to make inventory decisions for the next quarter.

Thus, it is Source data automation.

For more details about Source data automation, click here:

https://brainly.com/question/14284434

#SPJ1

The united states helped mexico’s economy during world war ii by ordering raw materials and offering workers jobs. buying the rights to its oil and mineral fields. paying for mexico’s weapons and recruiting soldiers. investing in mexico’s roads and railroads.

Answers

The United States helped Mexico's economy during world war ii by ordering raw materials and offering workers jobs.

What is an economy?

An economy is known to be the large composition of inter-linked production and consumption works that is often done so as to help in knowing  ow scarce resources are shared.

Note that The United States helped Mexico's economy during world war ii by ordering raw materials and offering workers jobs so as to reduce the effect of the war on the people.

Learn more about economy  from

https://brainly.com/question/1106682

#SPJ4

Answer:

A) ordering raw materials and offering workers jobs.

Explanation:

Based on this information, which is the first change should carl make to his monthly budget? a greater gross income a greater amount for discretionary spending a lower net income a decrease in the number of fixed expenses

Answers

The first change should Carl make to his monthly budget is to its a lower net income.

What is budget?

A budget is known to be a run down of all the spending that one has planned out and it is one that is often based on one's income and expenses.

Note that in the scenario below, The first change should Carl make to his monthly budget is to its a lower net income so that it can fit into the budget.

See full question below

Based on this information, which is the first change should Carl make to his monthly budget?

Scenario: Carl has just received his weekly check from his after-school job. In his budget, he did not plan for withholdings. Now that he has received his check, he has been reminded that taxes will be withheld. He realizes that he needs to return to his budget and make some changes.

Learn more about budget from

https://brainly.com/question/11725297

#SPJ4

Answer:

C) A lower net income

Explanation:

3dg3

Suppose that a government that is skeptical of efforts to regulate prices charged by private companies is nevertheless concerned that an electric utility company is taking advantage of consumers with unfair pricing policies.

Answers

There exists unfair pricing policy in a market which is not purely competitive, and the seller may have monopolistic advantage.

What is unfair pricing policy?

Unfair pricing policy refers to charging different prices to different consumers for the exact product by a seller due to having a competitive advantage, leading to unfair trade.

Hence, the unfair pricing policy is as defined above.

Learn more about unfair pricing policy here:

https://brainly.com/question/12346653

#SPJ1

The ratio of a firm's monthly output to the number of labor hours used in the same month would be a measure of Group of answer choices labor productivity. machine productivity. multifactor productivity. capital productivity.

Answers

A firm's monthly output to the number of labor hours used in the same month would be a measure of labor productivity. Thus, the correct answer is A.

What is productivity?

When the comparison between the number of products and services produced to the number of inputs needed to produce those goods and services measured the performance of individual and organizations is known as productivity.

Labor productivity refers to a measurement of the output of labor on a per hour basis to check its efficiency and timeliness of it. An economy will produce and utilize more products and services for the same level of work as it grows in productivity.

A worker's production and productivity can be improved with the use of technology. Additional approaches to boost labor productivity include skill training and capital investments.

Therefore, option A labor productivity is the correct answer.

Learn more about productivity, here:

https://brainly.com/question/15400721

#SPJ1

Can someone help me with this?

You are responsible for an automobile accident. Use the information below to determine:
The total amount your liability insurance will pay for the accident
The total amount your collision insurance will pay for the accident
The number of additional damages you are responsible for as a result of the accident

You and the driver of the other car were the only people involved in the accident. There were no injuries from the accident.

You have a 50/100/50 liability insurance policy with no deductible
You have collision insurance with a deductible of $500
The other car was valued at $25,000 and requires $10,000 in repairs
Your car was valued at $20,000 and requires $15,000 in repairs

Answers

Answer:

omg you have any idea

Answer:

Based on the type of insurance you have and the people involved in the accident, the total amount of liability you will pay is $25,000.

The total amount that your collision insurance will pay is $24,500 and the amount of additional damages you will pay is $0.

What is the total amount you will pay?

The coverage is 50/100/50 means that the insurance company will pay up to $50,000 for damages.

This means that the cost to repair both cars will be covered as it is less than $50,000:

= 10,000 + 15,000

= $25,000

There will be no additional damages.

The amount you will pay personally will be the $500 deductible which means that insurance will pay:

= 25,000 - 500

= $24,500

PLEASE HELP, I NEED THE ANSWER SOON!!
Drag each label to the correct location on the image. Not all labels will be used.
Identify the recommended actions for success in informational interviews.
Smile and stay positive.
Sit still and be aware of your body language.
Give the interviewer either a yes or no answer.
Take notes that you can refer to later.

Answers

Smiling and staying positive and taking notes for further reference are the essentials of a successful informational interview.

What are the essentials of an informational interview?

A set of questions asked towards building a conversation with a person having expertise and achievements in the related interests comprises an informational interview.

The two most important points to be considered while taking an informational interview are:

Staying positive and giving smile expression throughout the course of the conversation. Taking important notes so that further questions may be asked in that regard.

Hence, options A and D hold true regarding the informational interview.

Learn more about informational interview here:

https://brainly.com/question/15727785

#SPJ1

Answer:

a & d

Explanation:

plato users

Lindsay took out a(n) to purchase her new home. she used in the form of the property to back the loan. lindsay also paid money in advance. this is known as a(n) . if lindsay does not make her loan payments on time, the bank will most likely .

Answers

The bank will most likely be filled with the following:

Mortgage loanCollateralDown paymentSeize her home.

What is a loan?

A loan is a sum of money, borrowed from a financial institution usually a bank or credit union to meet certain obligations.

The following statement should be considered:

Lindsay took out a Mortgage Loan to purchase her new home.She used collateral in the form of the property to back the loan.Lindsay also paid money in advance. This is known as a Down payment.If Lindsay does not make her loan payments on time, the bank will most likely seize her home.

Learn more about loan here : https://brainly.com/question/12481147

Hence, the bank will most likely be filled with Mortgage loan, collateral, Down payment, seize her home.

#SPJ1

Answer:

Lindsay recently purchased a home. Like most people, she did not have the funds to pay cash, so she took out a loan. Lindsay used the property she was purchasing to guarantee the loan. She also had to pay a portion of it in advance.

Lindsay took out a(n)

✔ mortgage loan

to purchase her new home.

She used

✔ collateral

in the form of the property to back the loan.

Lindsay also paid money in advance. This is known as a(n)

✔ down payment

.

If Lindsay does not make her loan payments on time, the bank will most likely

✔ seize her home

.

Explanation:

see  pic

The state condemned Cassidy's land on November 25, 2021. The land has a $400,000 basis. Cassidy received insurance proceeds of $610,000 on January 27, 2022. Cassidy has until what date to defer the gain under the involuntary conversion rules

Answers

Based on the involuntary conversion rule governing the deferring of gains, the data that Cassidy has to defer the gain is December 31, 2025.

Which data can Cassidy defer to gain to?

Cassidy can defer to the gain to three (3) years after the first date in the year that the gain was received.

The gain was received in 2022 so the first date is January 1, 2022. The date the gain can be deferred to is therefore December 31, 2025.

Find out more on deferring gains to https://brainly.com/question/24280942.

#SPJ1

The primary difference between the payoff and the purchase and assumption methods of handling failed banks is.

Answers

At the time of handling failed banks, the main difference between the payoff method and the purchase & assumption methods is that the entire bank deposits are guaranteed by FDIC.

Who is FDIC?

FDIC stands for federal deposit insurance corporation is the depository insurance that provides deposits to the depositing parties of American depository institutions.

According to FDIC, it guarantees all the bank deposits in the method of purchase and assumption by acquiring proportionate or entire failed assets or assuming some or all of the failed obligations of failed banks but In the pay-off method, FDIC pays directly the amounts of every depositor.

Therefore, in both methods, the deposits are guaranteed by FDIC but in different ways.

Learn more about the FDIC in the related link:

https://brainly.com/question/9613712

#SPJ1

Contingency theories propose that the effectiveness of a particular style of leader behavior depends on the Multiple Choice situation. leader. manager. employee. relationship.

Answers

Contingency theories propose that the effectiveness of a particular style of leader behavior depends on the situation.

What do you understand by contingency theory of leadership?

According to the contingency theory of leadership, a leader's efficacy is determined by whether or not their leadership style is appropriate for the situation. These theory shows that there  is no fundamental way to meet with the requirements of business and implement decision making.

To represent better effectiveness at workplace, A leader should be flexible to meet with different situations. The decision making will be varied from situation to situation.

The contingency theory of leadership focus on skills like, adaptability, ability to face challenges,  effective communication, innovative approach as well as critical thinking and decision making. The leaders should develop unique leadership style to deal with challenging situation.

Learn more about theory of leadership refers to:

https://brainly.com/question/20709656

#SPJ1

Which would be the best caption for this photo? Globalization: Interconnection in the Modern World. Trade and Transportation: Resources going Worldwide Manufacturing: Creating Products of the Future Environmental Pollution:The Effects of Too Many Products.

Answers

Global Interconnectedness refers to the ability to understand and function in an increasingly multicultural, international, yet interconnected environment. It fosters the development of individuals to become successful professionals, civic leaders, and informed citizens in a diverse national and global society

Answer:

D on Edge

Explanation:

Just did the test, got 100%

The forecasting time horizon that would typically be easiest to predict for would be the Part 2 A. long range. B. medium range. C. short range. D. intermediate range.

Answers

The forecasting time horizon that would typically be easiest to predict for would be:

C. Short range.

What is a Short Range Timezone?

A short-range investment timezone refers to investments that last for less than five years. These sorts of investments are usually entered by workers who wish to retire in a short while.

Since the money invested will be reaped in a short while, it is usually easy to predict their timezones.

Learn more about short-range timezones here:

https://brainly.com/question/3729664

#SPJ4

This factual, historical evidence helps develop which claim? the fast-food industry resembles the manufacturing business. teenagers are the ideal employees for the fast-food industry.

Answers

The factual, historical evidence provides proof that the fast-food industry resembles the manufacturing business.

What is manufacturing?

Manufacturing is the process by which raw materials or unfinished products are used to produce finished products beneficial to man.

The fast-food industry is an industry which is concerned which production of food in a fast and efficient method for immediate consumption by consumers.

It is a form of manufacturing business.

Therefore, the factual, historical evidence points to the fact that the fast-food industry resembles the manufacturing business.

Learn more about manufacturing at: https://brainly.com/question/26320301

#SPJ4

Answer:

the first option

Explanation:

The fast-food industry resembles the manufacturing business.

Other Questions
Three factors that Affect where people liveSouth and East Asia Find an equation of a line through (2, 1) and perpendicular to - 2x + 4y = 8.y = -2x - 1y = -2x + 5.y = -2x - 3Oy = -2x + 3 Find the value of "x" in x -2 = 47Thanks :) The length of the hypotenuse of a 306090 triangle is 13. Find the perimeter. There is 1 2 of a pizza left for 4 friends to share. What fraction of a pizza will each friend get to eat? please help. At the end of the year, Phil's Pool and Spa has money in a retained earnings account. The amount in this account represents The author includes quotations from the woman who was once engaged to Rues victim. What idea does the author convey through these quotations. Explain how the water in the puddle forms part of the water cycle? Mei-Ling, who enjoys a close relationship with her large extended family, was unhappy to learn that her new romantic interest, Ryan, is only close to his mother. Her reaction can be explained by differences in their ____________. A(5, 10) and B(13,-2) are two points on the line AB.The perpendicular bisector of the line AB has gradientFind the equation of the perpendicular bisector of AB The two angles shown form a linear pair. What is the value of x?Horizontal line divided by a diagonal line. The angle formed on the left by the two lines is labeled 10 x minus 20 degrees. The angle formed on the right by the two lines is labeled 6 x plus 8 degrees.Question 5 options:9.51218090 WILL MARK AS BRAINIEST 1443Use a unit multiplier to convert 965 centimeters to meters.a PLEASE ONLY ANSWER IF U KNOW ITAn article recently read, 7 of New Jerseys high schools tested above average in Math and Science this past year. Which of the following best explains what happened in this section?A. The journalist was too short with their sentence.B. The journalist was too long with their sentence.C. The journalist wrote in the first person.D. The journalist wrote numbers incorrectly. Tomic and Brooke make a game of shooting free throws. Each basket is worth 212 points. Each miss is worth 34 points. Out of 30 free throws, they make 16 baskets. What is the correct number of points that Tomic and Brooke scored? Whats the answer????? Find the vertex, axis of symmetry, and y-intercept of the quadratic function. At a real estate agency, an agent sold a house for $382,000. The commissionrate is 5.5% for the real estate agency. The commission for the agent is 30%of the amount the real estate agency gets. volume of a l=10 x w=10 x h=8in triangular prism please hurry ill give 100 points pleaseWithin the Triangular Trade, what did America provide for Europeans in exchange for slaves?a.manufactured goodsc.goldb.raw materialsd.shipsPlease select the best answer from the choices provided The court which hears and settles disputes between custom officials and importers is the:Court of the United StatesTax CourtCourt of ClaimsCustoms Court