If $5,000 is invested in an account with 7% interest compounding yearly, what will the balance of the account be after 3 years? Please refer to the following Future Value table: 
Definitions:
Fraudulent Statement
A false statement knowingly made with the intent to deceive and induce another to act to their detriment.
Good Faith Purchaser
An individual who buys property without knowledge of any prior claims, fraud, or faults in the title, and thus is protected under the law.
Affirmed Contract
An affirmed contract is a contract that has been confirmed or validated by the parties involved or by a court, especially after a challenge of its validity.
Labor Day
An annual holiday celebrating the achievements of workers, observed on the first Monday in September in the United States.
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