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A $1,000 is invested at 7% compunded monthly to pay a debt in 5 years. When the debt is due, there are other funds available

A $1,000 is invested at 7% compunded monthly to pay a debt in 5 years. When the debt is due, there are other funds available and the investment remains at the same interest rate for an additional 6 years. How much interest is earned during the entire period and what is the balance of the investment account?

interest earned: $_____?

account balance:$_____?

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