Allison is considering paying $400 a year for an extended warranty on several of her major appliances. If the appliances are expected to last for 5 years and she can earn 2% on her savings, what would...

Allison is considering paying $400 a year for an extended warranty on several of her major appliances. If the appliances are expected to last for 5 years and she can earn 2% on her savings, what would be the future value of the amount she will pay for the extended warranty?