Gilligan just turned 18 and is about to start college at DePaul. His parents started saving for his college three years ago, on his 15th birthday. They put

$7,000

into his college account on his 15th birthday,

$10,000

on his 16th birthday, nothing (i.e. $0) on his 17th birthday and

$3,000

on his 18th birthday (and today is his 18th birthday). If the money was all invested at a rate of 7%, how much is now in Gilligans college account?

Give your answer in dollars, rounded to the closest dollar. Show your work for the possibility of partial credit.

$enter your response here