after one year he will have
319.251.026
on his bank account
Next year we have to multiply new value again with 1.026 to get new value.
that means that after 14 years he will have:
319.251.026^14 = $457.29
If however 2.6% is for his starting money each year than his balance after 14 years will be:
319.25+(319.25140.026) = 435.46
