Leslie Mosallam, who recently sold her Porsche, placed

$10 comma 20010,200

in a savings account paying annual compound interest of

77

percent.a.Calculate the amount of money that will accumulate if Leslie leaves the money in the bank for

22,

66,

and

1616

year(s).b.Suppose Leslie moves her money into an account that pays

99

percent or one that pays

1111

percent.

Rework part

(a)

using

99

percent and

1111

percent.

c.What conclusions can you draw about the relationship between interest rates, time, and future sums from the calculations you just did?

a.After placing

$10 comma 20010,200

in a savings account paying annual compound interest of

77

percent,

the amount of money that will accumulate if Leslie leaves the money in the bank for

22

year(s) is

$nothing.

(Round to the nearest cent.)