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?

You plan to invest some money in a bank account. which of the following banks provides you with the highest effective rate of interest? hint: perhaps this problem requires some calculations. bank 1; 6.1% with annual compounding. bank 2; 6.0% with monthly compounding. bank 3; 6.0% with annual compounding. bank 4; 6.0% with quarterly compounding. bank 5; 6.0% with daily (365-day) compounding.