(Compound value) Stanford Simmons, who recently sold his Porsche, placed $8,400 in a savings account paying...

(Compound value) Stanford Simmons, who recently sold his Porsche, placed $8,400 in a savings account paying annual compound interest of 7 percent.
a. Calculate the amount of money that will have accrued if he leaves the money in the bank for 2, 5, and 15 years.
b. If he moves his money into an account that pays 9 percent or one that pays 11 percent, rework part (a) using these new interest rates.
c. What conclusions can you draw about the relationship between interest rates, time, and future sums from the calculations you have completed in this problem?

(Future value) Giancarlo Stanton hit 3434 home runs in 2014. If his home-run output grew at a rate of 1313 percent per year, what would it have been over the following 5 years?

a. Giancarlo Stanton hit 3434 home runs in 2014. If his home-run output grew at a rate of 1313 percent per year, what would it have been in 2015?

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SEE THE IMAGE. ANY DOUBTS, FEEL FREE TO ASK. THUMBS UP PLEASE

jeff jeffy answered 1 year ago

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(Compound value) Stanford Simmons, who recently sold his Porsche, placed $8,400 in a savings account paying...

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(Compound value​) Stanford​ Simmons, who recently sold his​ Porsche, placed ​$8,400 in a savings account paying...

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(Compound value) Stanford Simmons, who recently sold his Porsche, placed $8,400 in a savings account paying...