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The University is given a gift of $575000 for the construction of a building. The University invests the gift into an account for future use.

The University is given a gift of $575000 for the construction of a building. The University invests the gift into an account for future use. The University receives 9.00% on the money for 3 years then the rate drops to 7.20% . If the building is constructed 14 years after the gift was received, how much is in the fund at that time?

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