Warm-Up 5-2 (similar to) Question Help if Bob and Judy combine their savings of $1.200 and $600, respectively, and deposit this amount into an account that pays 8% 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.) Your firm has the option of making an investment in new softwaro that will cost $183,636 today, but will save the company money over several years. You estimate that the software will provide the savings shown in the following table over its 5-year life, should the firm make this investment if it requires a minimum annual return of 8% on all investments? The present value of the stream of savings estimates is $. (Round to the nearest dollar.)