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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.
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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 226 views.