Question: 2)help i am studying (Ralated to Checkpoint 5.2) (Future value) Leslie Moealam, who recently sold her Porsche, placed $10,200 in a savings account paping annual
(Ralated to Checkpoint 5.2) (Future value) Leslie Moealam, who recently sold her Porsche, placed $10,200 in a savings account paping annual compound interest of 4 perpent a. Calcutate the ambunt of maney that will accumulate if Leslie loaves the money in the bank for 2, 6; and 16 year(o). b. Suppose Lesfo mowes her money into an account that poys 6 percent or one that pays 8 percent. Rework part (a) using 6 percent and 8 percent: c. What conclusions can you draw about the relationship between interest rates, lime, and future sums from the calculations you just did? a. After placing $10.200 in a savings account paying annuat compound interest of 4 percent, the amount of monoy that will accumulate if Laslie leaves the money in the bank for 2 year(s) is 1 (Round to the nearest cont.) If she leaves the money in the bank for 6 years, the amount of money that wit accumulate is $ (Round to the nearest cent.) If she leaves the money in the bank for 16 years, the amount of money that will accumulate is 5 (Round to the nearest cent.) b. If Lesile mowes her maney into an acoount that pays 6 percent compounded annually for 2 year(s), the amount of money that will accumulate is 5 (Reund to the nearest cert.) If Lesite moves her maney into an account that pays 6 porcent compounded annually for 6 years, the amount of money that will accumulate is 1 (Reund to the nearest cent, If Lesie moves hat money into an account that pays 6 percent compounded annualy for 16 years, the amount of money hat will accumulate is 1 (Round to the nearest cent.) if Leste moves her money into an acceunt that pays 8 percent compounded annualy for 2 year(s), the amount of money that wit acournulate is 1 . (Round to the nearnst cent) If tecie moves her money into an acoount that pays 8 percent compounded annually for 6 years. the amount of money that wit accumulate is 5 (Round to the nearsit cent). If Letlie moves hor money into an account that pays 8 percent compounded annually for 16 years, the amount of money that will accumulate is 4 (Found to the nearmat omint.) c. What conclubions can you draw about the relationshp between intereat rales, time, and futuro sums from the calculations you just did? There is a petationehip between the intarest rate used to compound a present aum and the fucure value of enat sum. There is a which the compounding corteriues and the future value of that sum. (Soloct from the drop-down menus.)
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