Question: Related to Checkpoint 5.2) (Future value To what amount will S5,200 invested for 10 years at 10 percent compounded annually accumulate? $5,200 invested for 10

 Related to Checkpoint 5.2) (Future value To what amount will S5,200

Related to Checkpoint 5.2) (Future value To what amount will S5,200 invested for 10 years at 10 percent compounded annually accumulate? $5,200 invested for 10 years at 10 peroent compounded annually will accumulate to SRound to the nearest cent.) Related to Checkpoint 5.2) (Future value) Leslie Mosallam, who recently sold her Porsche, placed S9,800 in a savings account paying annual compound interest of 6 percent a. Calculate the amount of money that will accumulate if Leslie leaves the money in the bank for 2, 8, and 18 year(s). b. Suppose Leslie moves her money into an account that pays 8 percent or one that pays 10 percent. Rework part (a) using 8 percent and 10 percent. c. What conclusions can you draw about the relationship between interest rates, time, and future sums from the calculations you just did? a. After placing $9,800 in a savings account paying annual compound interest of 6 percent. the amount of money that will accumulate if Leslie leaves the money in the bank for 2 year(s) is Round to the nearest cent.) If she leaves the money in the bank fo e,years, the amount of money that will accumulate is S If she leaves the money in the bank fo 18 years, the amount of money that will accumulate is S b. If Leslie moves her money into an account that pays 8 percent compounded annually for 2,years), the amount of money that will accumulate is S If Leslie moves her money into an account that pays 8 percent compounded annually for 8, years, the amount of money that will accumulate is S If Leslie moves her money into an account that pays 8 percent compounded annually for 18 years, the amount of money that will accumulate is S If Leslie moves her money into an account that pays 10 percent compounded annually for 2,year(s), the amount of money that will accumulate isS If Leslie moves her money into an account that pays 10 percent compounded annually for 6,years, the amount of money that will accumulate is S If Leslie moves her money into an account that pays10 percent compounded annually for 18 years, the amount of money that will accumulate is S c. What conclusions can you draw about the relationship between interest rates, time, and future sums from the calculations you just did? There is a which the compounding continues and the future value of that sum. (Select from the drop-down menus.) Round to the nearest cent.) Round to the nearest cent.) Round to the nearest cent.) Round to the nearest cent.) Round to the nearest cent.) (Round to the nearest cent.) Round to the nearest cent.) Round to the nearest cent.) relationship between the interest rate used to compound a present sum and the future value of that sum. There is a relationship between the number of years for positive or negative

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