Assume you just got a credit card offer to transfer a balance and get a low introductory APR of 0%, compounded monthly, for 12 months. After the initial 12-month period, however, the rate will be raised to an APR of 27.9%, compounded monthly, and stay at that level indefinitely. Assume that you transfer $1,000 today and make no payments to or withdrawals from the account for 3 years. What will be your balance due at the end of 3 years?