Leslie? Mosallam, who recently sold her? Porsche, placed $10,400 in a savings account paying annual compound...

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Leslie? Mosallam, who recently sold her? Porsche, placed $10,400in a savings account paying annual compound interest of 6percent.
a. Calculate the amount of money that will accumulate if Leslieleaves the money in the bank for 2, 6, and 16 year(s).
b. Suppose Leslie moves her money into an account that pays 8percent or one that pays 10 percent. Rework part ?(a?) using 8percent and 10 percent.
c. What conclusions can you draw about the relationship betweeninterest? rates, time, and future sums from the calculations youjust? did?

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Leslie? Mosallam, who recently sold her? Porsche, placed $10,400in a savings account paying annual compound interest of 6percent.a. Calculate the amount of money that will accumulate if Leslieleaves the money in the bank for 2, 6, and 16 year(s).b. Suppose Leslie moves her money into an account that pays 8percent or one that pays 10 percent. Rework part ?(a?) using 8percent and 10 percent.c. What conclusions can you draw about the relationship betweeninterest? rates, time, and future sums from the calculations youjust? did?