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Bob places $5,000 in a special account that accumulates interest compounded annually. Assuming no additional deposits or withdrawals, how much will be in the account after 7 years if the interest rate is 8.5% per annum for first 4 years and 9.25% per annum for the last 3 years?

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5000*(1+.085)^4*(1+.0925)^3

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