FIN 320 Week 5 MyFinanceLab Module 5 Homework.docx - FIN...

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FIN 320 Week 5 MyFinanceLab Module 5 HomeworkAnswers WITH a link to a calculator that will help with most. And explanations for when you need to work through it. Good Luck! Even with the ability to utilize the calculator it takes a while. Deep breaths! 1.To what amount will $4, 900 invested for 10 years at 9 percent compounded annually accumulate?
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2.Leslie Mosallam, who recently sold her Porsche, placed $9 comma 400 in a savings account paying annual compound interest of 5 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 7 percent or one that pays 9 percent.Rework part (a) using 7 percent and 9 percent.The amount is $13226.74I would honestly just use the calculator. THERE’S SIX PARTS. It’s just easier.

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