Wilfredo opens a savings account that earns 1% annual interest. He makes a one time deposit of $1200 that his uncle Donald gave him. The equation be
low represents the
value of the savings account, y, after x years.
y=1200(1.01)

If Wilfredo doesn't make any additional deposits or withdraws, how much money will be in the savings account after 6 years?Round to the nearest penny please I need help fast ​