On Olga's 16th birthday, her uncle invested $2,000 in an account that was locked into a 1.75% interest rate, compounded monthly. How much will Olga have in the account when she turns 18? Round to the nearest cent.


Answer is NOT $2,071.19

I can't figure it out, the only answer I get when putting the numbers into the formula is $2,071. I feel like the trick is the "locked" part. Although that seems normal. 16-17 is 1 year, and 17-18, is another, so 2 years. I'm not sure why the answer is wrong.