Christy Reed has been depositing $2,000 in her savings account every December since 2001. Her account earns

Question:

Christy Reed has been depositing $2,000 in her savings account every December since 2001. Her account earns 7 percent compounded annually. How much will she have in December 2012? (Assume that a deposit is made in December of 2012. Make sure to count the years carefully.)