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If Bob and dy continue their savings $1, 300 and $600, respectively, and deposit the amount into an account that pays 3% annual interest, compounded
If Bob and dy continue their savings $1, 300 and $600, respectively, and deposit the amount into an account that pays 3% annual interest, compounded monthly. What will the account balance after 7 years? The account balance in 7 years will be $ (Round to the nearest cent.)
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