Question: Use the formula for computing future value using compound interest to determine the value of an account at the end of 7 years if a

Use the formula for computing future value using compound interest to determine the value of an account at the end of 7 years if a principal amount of $13 comma 000 is deposited in an account at an annual interest rate of 7% and the interest is compounded monthly. Question content area bottom Part 1 The amount after 7 years will be $ enter your response here. (Round to the nearest cent as needed.)

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