John got a part time weekend job at a local restaurant to save for a new car. He plans on depositing $200 per month for the next 2 years in a savings account with a rate of 3% per year compounded monthly. How much will he have saved toward his down payment at the end of the 2 year period? a) $4,920.56 b) $4,980.56 c) $4,910.56 d) $4,950.56 e) $4,940.56 f) None of the above