392 Views

**Leslie mosallam, who recently sold her porches, placed $10,000 in 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?

**Answer**

In 1 year, Leslie will receive $600, which brings her balance to $10,600.

In 5 years, she'll receive $13,382.26.

In 15 years she'll receive $23,965.58.

To see more answers head over to College Study Guides

##### Virtual Teaching Assistant: Colleen R.

##### Question Level: Basic

##### Karma: Free

##### Upload Date: 5/31/2017

This 41 words question was answered by Colleen R. on StudySoup on 5/31/2017. The question contains content related to Business Since its upload, it has received 392 views.