You received a credit card application from Sun Bank offering an introductory rate of 2.9% per year compounded monthly for the first six months, increasing thereafter to 17% compounded monthly. This offer is good as long as you transfer your current debt from your existing card. Assuming that you will transfer $3,000 balance and that you will continue to make $100 monthly payment  (without making any subsequent purchases), what would be the credit card balance at the end of the first year?