$3$:$34$ PM

You may attempt this question $3$ more times for credit.

The University is given a gift of $$550000$ for the construction of a School of Management building. The University invests the gift into an account for future use.

The University receives $8\mathrm{.}00\%$ on the money for $6$ years then the rate drops to $7\mathrm{.}40\%.$ If the building is constructed $15$ years after the gift was received, how much is in the fund at that time? $s$

Do not use dollar signs or commas in your answer. Include two decimals in your answer.