An atm with a service fee of 2 is used by a person 100, Finance Basics

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An atm with a service fee of 2 is used by a person 100

Question: 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. If a person has ATM fees each month of $18 for six years, what would be the total cost of those banking fees?

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Finance Basics: An atm with a service fee of 2 is used by a person 100

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