LeslieMosallam, who recently sold herPorsche, placed $10,800 in a savings account paying annual compound interest of 5 percent.

a.Calculate the amount of money that will accumulate if Leslie leaves the money in the bank for 3, 7, and 17 year(s).

b.Suppose Leslie moves her money into an account that pays 7 percent or one that pays 9 percent. Rework part (a) using 7 percent and 9 percent.

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

After placing $10,800 in a savings account paying annual compound interest of 5 percent, the amount of money that will accumulate if Leslie leaves the money in the bank for 3 year(s) is ? (Round to the nearestcent)