(Future value)LeslieMosallam, who recently sold herPorsche, placed $10,400 in a savings account paying annual compound interest of 6 percent.

a.Calculate the amount of money that will accumulate if Leslie leaves the money in the bank for 2, 6, and 16year(s).

b.Suppose Leslie moves her money into an account that pays 8 percent or one that pays 10 percent. Rework part (a) using 8 percent and 10 percent.

c.What conclusions can you draw about the relationship between interestrates, time, and future sums from the calculations you justdid?

a.After placing $10,400 in a savings account paying annual compound interest of 6 percent, the amount of money that will accumulate if Leslie leaves the money in the bank for 2 year(s) is $ . (Round to the nearestcent.)