(Future value)??Leslie? Mosallam, who recently sold her? Porsche, placed ?$10, 000 in a savings account paying...

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(Future value)??Leslie? Mosallam, who recently sold her?Porsche, placed ?$10, 000 in a savings account paying annualcompound interest of 5 percent. a.Calculate the amount of moneythat will accumulate if Leslie leaves the money in the bank for 2?,6?, and 16 ?year(s). b.Suppose Leslie moves her money into anaccount that pays 7 percent or one that pays 9 percent. Rework part?(a?) using 7 percent and 9 percent. c.What conclusions can youdraw about the relationship between interest? rates, time, andfuture sums from the calculations you just? did? a.After placing?$10, 000 in a savings account paying annual compound interest of 5percent?, the amount of money that will accumulate if Leslie leavesthe money in the bank for 2 ?year(s) is ?$

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1 Future value after 2 years Present value 1 rn Future value after 2 years 1000 1 0052 Future value after 2 years 1000 11025 Future value after 2 years 1102500 Future value after 6 years Present value 1 rn Future value after 6 years 10000 1 0056 Future value after 6 years 10000 13400956 Future value after 6 years 1340096 See Answer

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(Future value)??Leslie? Mosallam, who recently sold her?Porsche, placed ?$10, 000 in a savings account paying annualcompound interest of 5 percent. a.Calculate the amount of moneythat will accumulate if Leslie leaves the money in the bank for 2?,6?, and 16 ?year(s). b.Suppose Leslie moves her money into anaccount that pays 7 percent or one that pays 9 percent. Rework part?(a?) using 7 percent and 9 percent. c.What conclusions can youdraw about the relationship between interest? rates, time, andfuture sums from the calculations you just? did? a.After placing?$10, 000 in a savings account paying annual compound interest of 5percent?, the amount of money that will accumulate if Leslie leavesthe money in the bank for 2 ?year(s) is ?$