Show work pls 1. An ATM with a service fee of $2 is used by a person 100 times in a year. What would be the future value in 10 years (use a 3 percent rate) of the annual amount paid in ATM fees?

2. A bank that provides overdraft protection charges 12 percent for each $100 (or portion of $100) borrowed when an overdraft occurs.

a. What amount of interest would the customer pay for a $188 overdraft? (Assume the interest is for the full amount borrowed for whole year.)

b. How much would be saved by using the overdraft protection loan if a customer has three overdraft charges of $30 each during the year?

3. What would be the net annual cost of the following checking accounts?

a. Monthly fee, $3.75; processing fee, 25 cents per check; checks written, an average of 14 a month.

b. Interest earnings of 4 percent with a $500 minimum balance; average monthly balance, $600; monthly service charge of $15 for falling below the minimum balance, which occurs three times a year (no interest earned in these months).

4. For each of these situations, determine the savings amount. Use the time value of money tables in Chapter 1 (Exhibit 1