Question: Problem 5-10 Future Values (LO1) Your wealthy uncle established a bank account with $1,700 for you when you were born. For the first 7 years

Problem 5-10 Future Values (LO1)

Your wealthy uncle established a bank account with $1,700 for you when you were born. For the first 7 years of your life, the interest rate earned on the account was 5%. Since then, rates have been only 3%. Now you are 22 years old and ready to cash in. How much is in your account? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

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