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Leslie Mosallam, who recently sold her Porsche, placed $ 9 , 6 0 0 in a savings account paying annual compound interest of 4 percent.

Leslie Mosallam, who recently sold her Porsche, placed $9,600 in a savings account paying annual compound interest of 4 percent.
a.Calculate the amount of money that will accumulate if Leslie leaves the money in the bank for 3,7, and 17year(s).
b.Suppose Leslie moves her money into an account that pays 6 percent or one that pays 8 percent. Rework part (a) using 6 percent and 8 percent.
c.What conclusions can you draw about the relationship between interest rates, time, and future sums from the calculations you just did?

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