You have been making monthly deposits of $20 into a savings account with monthly compounding for 8 years, and you do not know what the account's APR is (so you cannot use the Monthly Deposits Balance Formula to compute the balance exactly). Eventually you remember that the APY (not the APR) is 1.2%. Use the upper bound/estimate for the balance (from the course video) to determine an upper bound for your account's balance. (If necessary, round your answer to the nearest dollar.