Clem is saving for a car in a bank account that pays 12 percent interest, compounded monthly. The balance is now $2400. Clem will be saving $120 per month from his salary, and once every four months (starting in four months) he adds $200 in dividends from an investment. Bank fees, currently $10 per month, are expected to increase by $1 per month henceforth. How much will Clem have saved in two years?