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please solve a-c. thank you! a. Calculate the amount of money that will accumulate if Leslie leaves the money in the bank for 2,6, and
please solve a-c. thank you!
a. Calculate the amount of money that will accumulate if Leslie leaves the money in the bank for 2,6, and 16 year(0). b. Suppote Leslie moves her money into an account that pays 7 percent or one that pays 9 percent. Rework part (a) usirg 7 percent and 9 percent. c. What conclusions can you draw about the relationship betwoen interest rates, time, and future sums from the catculations you just did? a. After placing 511,000 in a savings account paying annual compound interest of 5 percent, the amount of money that will accumulase if Lesie leaves the maney in the bark for 2 yearls) is 1 . (Round to the nearest cent.) Step by Step Solution
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