Bart is a college student who has never invested his funds. He has saved 1030$ and has decided to invest the funds in a money market fund with an expected annual return of 2.28%. Bart will need the money in one year. The MMF imposes fees that will cost Bart $16 at the time he withdraws the funds in one year. How much money will Bart have in one year as a result of this investment?

As a result of his investment, Bart will have $. (Round to the nearest cent.)