Determine what will the account balance be

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Question: If Bob and Judy combine their savings of $1,000 and $900, respectively, and deposit this amount into an account that pays 3% annual interest, compounded monthly, what will the account balance be after 7 years? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM131947248

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