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

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

b.Suppose Leslie moves her money into an account that pays percent or one that pays percent. Rework part (a) using percent and 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 $ in a savings account paying annual compound interest of percent, the amount of money that will accumulate if Leslie leaves the money in the bank for year(s) is $ ....

(Related to Checkpoint 5.2) (Future value) Leslie Mosallam, who recently sold her Porsche, placed $10,200 in a savings account paying annual compound interest of 7 percent. a. Calculate the amount of money that will accumulate if Leslie leaves the money in the bank for 2, 6, and 16 year(s). b. Suppose Leslie moves her money into an account that pays 9 percent or one that pays 11 percent. Rework part (a) using 9 percent and 11 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 $10,200 in a savings account paying annual compound interest of 7 percent, the amount of money that will accumulate if Leslie leaves the money in the bank for 2 year(s) is $ nearest cent.) (Round to the