Question: this is one question (Related to Checkpoint 5.2) (Future value) Leslie Mosallam, who recently sold her Porsche, placed $8,000 in a savings account paying annual

(Related to Checkpoint 5.2) (Future value) Leslie Mosallam, who recently sold her Porsche, placed $8,000 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 3,7 , and 17 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 $8,000 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 3 year(s) is $ (Round to the nearest cent.) (Related to Checkpoint 5.2) (Future value) To what amount will $5,100 invested for 10 years at 9 percent compounded annually accumulate? $5,100 invested for 10 years at 9 percent compounded annually will accumulate to $ (Round to the nearest cent.)
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