Reference no: EM131354658
Future value) Leslie? Mosallam, who recently sold her? Porsche, placed 10,200 in a savings account paying annual compound interest of 77 percent.
a. Calculate the amount of money that will accumulate if Leslie leaves the money in the bank for 33?, 77?, and 17 ?year(s).
b. Suppose Leslie moves her money into an account that pays 99 percent or one that pays 11 percent. Rework part ?(a?) using 99 percent and 11 percent.
c. What conclusions can you draw about the relationship between interest? rates, time, and future sums from the calculations you just? did?
After placing ?$10 ,200 in a savings account paying annual compound interest of 7 percent?, the amount of money that will accumulate if Leslie leaves the money in the bank for 3 ?year(s) is ?$.......
?(Round to the nearest? cent.)
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Calculate the amount of money that will accumulate
: Future value) Leslie? Mosallam, who recently sold her? Porsche, placed 10,200 in a savings account paying annual compound interest of 77 percent. Calculate the amount of money that will accumulate if Leslie leaves the money in the bank for 33?, 77?, ..
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