Alex, a barista at Higher Grounds Coffee, decides to take all the tips from this past month - a total of exactly $1,000 - and put them in a savings account with 8% interest compounded annually. If Alex leaves that money in the account, adding no more and taking none of the money out, about how much will Alex have at the end of three years? $1,260 $1,270 $1,240 $1.250 $1.230