LeslieMosallam, who recently sold herPorsche, placed $11 comma 000

11,000 in a savings account paying annual compound interest of 5

5 percent.

a.Calculate the amount of money that will accumulate if Leslie leaves the money in the bank for 3

3, 7

7, and 17

17 year(s).

b.Suppose Leslie moves her money into an account that pays 7

7 percent or one that pays 9

9 percent. Rework part (a) using 7

7 percent and 9

9 percent.

c.What conclusions can you draw about the relationship between interestrates, time, and future sums from the calculations you justdid?