Problem $5-10$ Future Values $($LO$1)$

Your wealthy uncle established a $$2,600$ bank account for you when you were born. For the first $7$ years of your life, the interest rate

earned on the account was $5\%.$ Since then, rates have been only $3\%.$ Now you are $22$ years old and ready to cash in$.$ How much is in

your account?

Note: Do not round intermediate calculations. Round your answer to $2$ decimal places.

Amount