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Could someone show me the work and the answer please. Thank You Future value with periodic rates. Matt Johnson delivers newspapers and is putting away
Could someone show me the work and the answer please. Thank You
Future value with periodic rates. Matt Johnson delivers newspapers and is putting away $20 at the end of each month from his paper route collections. Matt is 12 years old and will use the money when he goes to college in 6 years. What will be the value of Matt's account in 6 years with his monthly payments if he is earning 6% (APR), 11% (APR), or 14.5% (APR)? What will be the value of Matt's account in 6 years with his monthly payments if he is earning 6% (APR)? $ (Round to the nearest cent.) Enter your answer in the answer box and then click Check Answer. ? 2 parts remaining Clear All CheckStep by Step Solution
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