If Bob and Judy combine their savings of $1,300 and $900, respectively, and deposit this amount into an account that pays 3% annual interest, compounded monthly, what will the account balance be after 7 years?

The account balance in 7 years will be $ enter your response here. (Round to the nearest cent.)

If Bob and Judy combine their savings of $1,300 and $900, respectively, and deposit this amount into an account that pays 3% annual interest, compounded monthly, what will the account balance be after 7 years? The account balance in 7 years will be $ (Round to the nearest cent.)