Find the final amount in the retirement account

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Reference no: EM131926978

Find the final amount in the following retirement account, in which the rate of return on the account and the regular contribution change over time. $296 per month invested at 4%, compounded monthly, for 5 years; then $725 per month invested at 7%, compounded monthly, for 5 years.

What is the amount in the account after 10 years.

Reference no: EM131926978

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