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If Bob and Judy combine their savings of $1,900 and $900, respectively, and deposit this amount into an account that pays 5% annual interest, compounded

If Bob and Judy combine their savings of $1,900 and $900, respectively, and deposit this amount into an account that pays 5% 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.)

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