?Leslie? Mosallam, who recently sold her? Porsche, placed $8,600 in a savings account paying annual compound...

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?Leslie? Mosallam, who recently sold her? Porsche, placed $8,600in a savings account paying annual compound interest of 5percent.
?Calculate the amount of money that will accumulate if Leslieleaves the money in the bank for 2 6 and 16 years
Suppose Leslie moves her money into an account that pays 7percent or one that pays 9 percent Rework part ?(a?) using 7 and 9percent.
What conclusions can you draw about the relationship betweeninterest? rates, time, and future sums from the calculations youjust? did?
?After placing $8,600 in a savings account paying annualcompound interest of 5 percent?, the amount of money that willaccumulate if Leslie leaves the money in the bank for 2 yearsis

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3.7 Ratings (331 Votes)

1 Future value after 2 years Present value 1 rn Future value after 2 years 8600 1 0052 Future value after 2 years 8600 11025 Future value after 2 years 94815 Future value after 6 years Present value 1 rn Future value after 6 years 8600 1 0056 Future value after 6 years 8600 13400956 Future value after 6 years 1152482 See Answer

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?Leslie? Mosallam, who recently sold her? Porsche, placed $8,600in a savings account paying annual compound interest of 5percent.?Calculate the amount of money that will accumulate if Leslieleaves the money in the bank for 2 6 and 16 yearsSuppose Leslie moves her money into an account that pays 7percent or one that pays 9 percent Rework part ?(a?) using 7 and 9percent.What conclusions can you draw about the relationship betweeninterest? rates, time, and future sums from the calculations youjust? did??After placing $8,600 in a savings account paying annualcompound interest of 5 percent?, the amount of money that willaccumulate if Leslie leaves the money in the bank for 2 yearsis