On January 1, 2020, Charlie has a current balance of $1,000 on his credit card. Going forward, Charlie spends $2,000 per month, although his net take-home paycheck is only $1,300 per month. Therefore, he charges $700 on his credit card each month. The annual interest rate on his credit card is 24%, and interest is calculated for every monthly billing cycle. What is the future value of Charlies credit card debt in one year, on December 31, 2020? Refer to the PV and FV tables and show your work and calculations for full credit.