(Compound value?) Stanford? Simmons, who recently sold his? Porsche, placed ?$8,400 in a savings account paying...

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(Compound value?) Stanford? Simmons, who recently sold his?Porsche, placed ?$8,400 in a savings account paying annual compoundinterest of 7 percent.
a. Calculate the amount of money that will have accrued if heleaves the money in the bank for 2?, 5?, and 15 years.
b. If he moves his money into an account that pays 9 percent or onethat pays 11 ?percent, rework part ?(a?) using these new interestrates.
c. What conclusions can you draw about the relationship betweeninterest? rates, time, and future sums from the calculations youhave completed in this? problem?
?(Future value?) Giancarlo Stanton hit 3434 home runs in 2014.If his? home-run output grew at a rate of 1313 percent per? year,what would it have been over the following 5? years?
a. Giancarlo Stanton hit 3434 home runs in 2014. If his?home-run output grew at a rate of 1313 percent per? year, whatwould it have been in? 2015?

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(Compound value?) Stanford? Simmons, who recently sold his?Porsche, placed ?$8,400 in a savings account paying annual compoundinterest of 7 percent.a. Calculate the amount of money that will have accrued if heleaves the money in the bank for 2?, 5?, and 15 years.b. If he moves his money into an account that pays 9 percent or onethat pays 11 ?percent, rework part ?(a?) using these new interestrates.c. What conclusions can you draw about the relationship betweeninterest? rates, time, and future sums from the calculations youhave completed in this? problem??(Future value?) Giancarlo Stanton hit 3434 home runs in 2014.If his? home-run output grew at a rate of 1313 percent per? year,what would it have been over the following 5? years?a. Giancarlo Stanton hit 3434 home runs in 2014. If his?home-run output grew at a rate of 1313 percent per? year, whatwould it have been in? 2015?