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Question 2 4 pts $3,400 was deposited into an account twelve years ago. An additional $1,000 was added into the same account seven years ago.

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Question 2 4 pts $3,400 was deposited into an account twelve years ago. An additional $1,000 was added into the same account seven years ago. The account earned 8.00%, compounded annually, for the first 5 years and then 5.50%, compounded annually, for the last 7 years. How much money is in the account today? $6,717 $7,412 $8,708 $8,722

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