Upon the birth of his first child, Dick Jones decided to establish a savings account to partly pay for his son's education. He plans to deposit $200 per month in the account, beginning when the boy is 13 months old. The savings and loan association has a current interest policy of 39% per annum, compounded monthly, paid quarterly. Assuming no change in the interest rate, how much will be in the savings account when Dick's son becomes 16 years old