An ATM with a service fee of $3 is used by a person 200 times in a year. What would be the future value in 5 years (use a 2 percent rate) of the annual amount paid in ATM fees? Use Exhibit 1-B. (Round FVA factor to 3 decimal places and final answer to 2 decimal places.)

Exhibit 1-B Future Value (Compounded Sum) of $1 Paid In at the End of Each Period for a Given Number of Time Periods (an Annuity) Period 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 11% 1 1 1 1 1 1 1 1 1 1 1 1 2 2.01 2.02 2.03 2.04 2.05 2.06 2.07 2.08 2.09 2.1 2.11 3 3.03 3.06 3.091 3.122 3.153 3.184 3.215 3.246 3.278 3.31 3.342 4 4.06 4.122 4.184 4.246 4.31 4.375 4.44 4.506 4.573 4.641 4.71 5 5.101 5.204 5.309 5.416 5.526 5.637 5.751 5.867 5.985 6.105 6.228 6 6.152 6.308 6.468 6.633 6.802 6.975 7.153 7.336 7.523 7.716 7.913 7 7.214 7.434 7.662 7.898 8.142 8.394 8.654 8.923 9.2 9.487 9.783 8 8.286 8.583 8.892 9.214 9.549 9.897 10.26 10.637 11.028 11.436 11.859 9 9.369 9.755 10.159 10.583 11.027 11.491 11.978 12.488 13.021 13.579 14.164 10 10.462 10.95 11.464 12.006 12.578 13.181 13.816 14.487 15.193 15.937 16.722 11 11.567 12.169 12.808 13.486 14.207 14.972 15.784 16.645 17.56 18.531 19.561 12 12.683 13.412 14.192 15.026 15.917 16.87 17.888 18.977 20.141 21.384 22.713 13 13.809 14.68 15.618 16.627 17.713 18.882 20.141 21.495 22.953 24.523 26.212 14 14.947 15.974 17.086 18.292 19.599 21.015 22.55 24.215 26.019 27.975 30.095 15 16.097 17.293 18.599 20.024 21.579 23.276 25.129 27.152 29.361 31.772 34.405 16 17.258 18.639 20.157 21.825 23.657 25.673 27.888 30.324 33.003 35.95 39.19 17 18.43 20.012 21.762 23.698 25.84 28.213 30.84 33.75 36.974 40.545 44.501 18 19.615 21.412 23.414 25.645 28.132 30.906 33.999 37.45 41.301 45.599 50.396 19 20.811 22.841 25.117 27.671 30.539 33.76 37.379 41.446 46.018 51.159 56.939 20 22.019 24.297 26.87 29.778 33.066 36.786 40.995 45.762 51.16 57.275 64.203 25 28.243 32.03 36.459 41.646 47.727 54.865 63.249 73.106 84.701 98.347 114.413 30 34.785 40.568 47.575 56.085 66.439 79.058 94.461 113.283 136.308 164.494 199.021 40 48.886 60.402 75.401 95.026 120.8 154.762 199.635 259.057 337.882 442.593 581.826 50 64.463 84.579 112.797 152.667 209.348 290.336 406.529 573.77 815.084 1163.909 1668.771 Period 12% 13% 14% 15% 16% 17% 18% 19% 20% 25% 30% 1 1 1 1 1 1 1 1 1 1 1 1 2 2.12 2.13 2.14 2.15 2.16 2.17 2.18 2.19 2.2 2.25 2.3 3 3.374 3.407 3.44 3.473 3.506 3.539 3.572 3.606 3.64 3.813 3.99 4 4.779 4.85 4.921 4.993 5.066 5.141 5.215 5.291 5.368 5.766 6.187 5 6.353 6.48 6.61 6.742 6.877 7.014 7.154 7.297 7.442 8.207 9.043 6 8.115 8.323 8.536 8.754 8.977 9.207 9.442 9.683 9.93 11.259 12.756 7 10.089 10.405 10.73 11.067 11.414 11.772 12.142 12.523 12.916 15.073 17.583 12.3 12.757 13.233 13.727 14.24 14.773 15.327 15.902 16.499 19.842 23.858 9 14.776 15.416 16.085 16.786 17.519 18.285 19.086 19.923 20.799 25.802 32.015 10 17.549 18.42 19.337 20.304 21.321 22.393 23.521 24.709 25.959 33.253 42.619 11 20.655 21.814 23.045 24.349 25.733 27.2 28.755 30.404 32.15 42.566 56.405 12 24.133 25.65 27.271 29.002 30.85 32.824 34.931 37.18 39.581 54.208 74.327 13 28.029 29.985 32.089 34.352 36.786 39.404 42.219 45.244 48.497 68.76 97.625 14 32.393 34.883 37.581 40.505 43.672 47.103 50.818 54.841 59.196 86.949 127.913 15 37.28 40.417 43.842 47.58 51.66 56.11 60.965 66.261 72.035 109.687 167.286 16 42.753 46.672 50.98 55.717 60.925 66.649 72.939 79.85 87.442 138.109 218.472 17 48.884 53.739 59.118 65.075 71.673 78.979 87.068 96.022 105.931 173.636 285.014 18 55.75 61.725 68.394 75.836 84.141 93.406 103.74 115.266 128.117 218.045 371.518 19 63.44 70.749 78.969 88.212 98.603 110.285 123.414 138.166 154.74 273.556 483.973 20 72.052 80.947 91.025 102.444 115.38 130.033 146.628 165.418 186.688 342.945 630.165 25 133.334 155.62 181.871 212.793 249.214 292.105 342.603 402.042 471.981 1054.791 2348.803 30 241.333 293.199 356.787 434.745 530.312 647.439 790.948 966.712 1181.882 3227.174 8729.985 40 767.091 1013.704 1342.025 1779.09 2360.757 3134.522 4163.213 5529.829 7343.858 30088.655 120392.883 50 2400.018 3459.507 4994.521 7217.716 10435.649 15089.502 21813.094 31515.336 45497.191 280255.693 1659760.743