Question: (Future value) Leslie Mosallam, who recently sold her Porsche, placed $10,000 in a savings account paying annual compound interest of 6 percent.

• Calculate the amount of money that will accumulate if Leslie leaves the money in the bank for 1, 5, and 15 years.
• 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.
• What conclusions can you draw about the relationship between interest rates, time, and future sums from the calculations you just did?

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