Gary is attending college and has a part-time job. Once he finishes college, Gary would like to relocate to a metropolitan area. He wants to build his savings so that he will have a "nest egg" to start off. Gary works out his budget and decides that he can afford to set aside $351 per month for savings. His bank will pay 9 percent interest compounded monthly on his savings account.

What will Gary's balance be in 12 years?