On January 1, 2017, Swifty Corporation decided to begin accumulating a fund for asset replacement five years later. The company plans to make five annual deposits of $65000 at 10% each January 1 beginning in 2017. What will be the balance in the fund, on January 1, 2022 (one year after the last deposit)? The following 10% interest factors may be used.

	Present Value of Ordinary Annuity	Future Value of Ordinary Annuity
4 periods	3.1699	4.6410
5 periods	3.7908	6.1051
6 periods	4.3553	7.7156