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A person has $1,587 in your bank account that is paying an interest rate of 1.6% (0.016) per year. How much money will the

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A person has $1,587 in your bank account that is paying an interest rate of 1.6% (0.016) per year. How much money will the person have in the account in 7 years? (Note: r = 1.016) The person will have $ in the account after 7 years. (Round to the nearest cent as needed.)

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