Leslie Mosallam, who recently sold her Porsche, placed $10,400 in a savings account paying annual compound interest of 6%.

A. Calculate the amount of money that will accumulate if Leslie leaves the money in the bank for 2, 6 and 16 years.

B. Suppose Leslie moves her money into an account that pays 8% or one that pays 10% REWORK part A. using 8% and 10%.

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