pplications

Question $1,$ P$5-2($similar to$)$

Part $1$ of $10$

HW Score: $0\%,0$ of $20$ points

Points: $0$ of $1$

ssessment

$($Related to Checkpoint $5\mathrm{.}2)($Future value$)$ Leslie Mosallam, who recently sold her Porsche, placed $$8,200$ 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 $2,6,$ and $16$ year$($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 rales, time, and future sums from the calculations you just did? $q,$ a$.$ After placing $$8,200$ in a savings account paying annual compound interest of $4$ percent, the amount of money that will accumulate if Leslie leaves the money in the bank for $2$ year$(s)$ is $ $($Round to the nearest cent.$)$