(Related to Checkpoint 5.2) (Future value) Leslie Mosallam, who recently sold her Porsche, placed $9,000 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 2,6 , and 16 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 interest rates, time, and future sums from the calculations you just did? (Related to The Business of Life: Saving for Your First House) (Future value) You are hoping to buy a house in the future and recently received an inheritance of $16,000. You intend to use your inheritance as a down payment on your house. a. If you put your inheritance in an account that earns 9 percent interest compounded annually, how many years will it be before your inheritance grows to $34,000 ? b. If you let your money grow for 10.5 years at 9 percent, how much will you have? c. How long will it take your money to grow to $34,000 if you move it into an account that pays 5 percent compounded annually? How long will it take your money to grow to $34,000 if you move it into an account that pays 11 percent? d. What does all this tell you about the relationship among interest rates, time, and future sums