You are considering making a one-time deposit of $2,751 today, in a bank that offers an interest rate of 3% APR. If you leave your money invested for 7 years, how much money will you have at the end of this period? Consider monthly compounding.
Enter your answer in terms of dollars and cents, rounded to 2 decimals, and without the dollar sign. That means, for example, that if your answer is $127.5678, you must enter 127.57