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(Related to Checkpoint 5.2) (Future value) Leslie Mosallam, who recently sold her Porsche, placed ( $ 8,200 ) in a savings account paying annual compound
(Related to Checkpoint 5.2) (Future value) Leslie Mosallam, who recently sold her Porsche, placed \\( \\$ 8,200 \\) 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 interest rates, time, and future sums from the calculations you just did? a. After placing \\( \\$ 8,200 \\) 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 nearest cent.)
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